No Acceleration in Dollar Selloff, Focus Turns to FOMC
Strong risk appetite carries through from US to Asian markets after Democrat’s regain of majority in House after the mid-term election. Nikkei closed up strongly by 401.12 pts or 1.82% at 22486.92. Hong Kong HSI is up 0.76% at the...
RBNZ Affirmed the Next Move Can be Up Or Down, Despite Upbeat Data
RBNZ left the OCR unchanged at 1.75% in November. The move had been widely anticipated. Despite recent strong dataflow, the central bank downplayed the improvements and Governor Adrian Orr affirmed that the next rate change can be up or down....
Chinese tech CEO predicts ‘exponential’ growth in financial technology
Financial technology has reached a tipping point for China’s Ping An Technology and future growth in that area is set to be exponential, according to CEO Ericson Chan. Years of investment and research into fintech is paying off, Chan told...
Democrats Take the US House – Market Implications
US midterm elections were broadly in line with expectations: the Democrats captured the House but Republicans retained control of the Senate. While markets were volatile as the votes were counted, the lack of a major surprise limits the net market...
Daily Markets Broadcast
Wall Street advances after midterm elections concluded US indices rose Wednesday after the Democrats gained control of the House and the Republicans increased their majority in the Senate. US treasuries rose while the US dollar retreated. Today we see China’s...
Stocks making the biggest moves after hours: Roku, Square, Wynn Resorts and more
Check out the companies making headlines after the bell: Roku shares plummeted as much as 13 percent during after-hours trading Wednesday despite beating on its top and bottom lines. The company reported a smaller than expected loss per share of...
Comcast is developing a video-streaming box for broadband-only customers
Comcast plans to roll out a new product for broadband-only subscribers that will allow customers to aggregate certain streaming apps, including Netflix, Amazon Prime and YouTube, with a voice-activated remote — a response to the ongoing challenge of navigating video...
Tax cuts have been controversial, but voters didn’t seem to care about them
Voters in the midterm elections felt neither tremendously motivated by the 2017 tax cuts nor had their lives been changed much by them, according to NBC News exit polls. Among those interviewed after voting Tuesday, some 45 percent said the...
Health care topped the economy as the biggest issue for voters now, here’s why
Health care was the top issue for Americans voting in Tuesday’s midterm elections — for an understandable reason. Spending on medical care has skyrocketed in the past 20 years, hitting record levels in 2018 and weighing on both workers and...
A new cold war is brewing between China and the US, says former Treasury Secretary Paulson
A new cold war is brewing between China and the U.S. if both nations don’t take steps toward reconciliation, former Treasury Secretary Henry Paulson warned in a speech that painted a bleak picture of the future between the two sides....
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