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Day: October 18, 2019

Here’s what happened to the stock market on Friday

Dow Jones Industrial Average falls 255 points Boeing, JNJ and Netflix zap market’s earnings enthusiasm Sharp declines in Boeing and Johnson and Johnson were a drag on the Dow. Boeing fell 6.79% after the Federal Aviation Administration said the aerospace giant withheld “concerning” pilot messages about the 737 Max’s safety. A baby-powder recall pushed Johnson …

Here’s what happened to the stock market on FridayRead More

Jamie Dimon says Facebook’s libra is ‘a neat idea that’ll never happen’

J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency. “It was a neat idea that’ll never happen,” Dimon said Friday at a conference in Washington, D.C. Dimon’s comments come as a raft of corporate partners have dropped out of the libra crypto project. He added that his bank …

Jamie Dimon says Facebook’s libra is ‘a neat idea that’ll never happen’Read More

Forward Guidance: Political Headlines to Dominate Week Ahead

Polling continues to point to the most likely outcome in Monday’s Canadian federal election being either a Conservative or Liberal minority government (almost 90% odds for one or the other according to the CBC’s poll tracker) with the suddenly resurgent NDP – or potentially even Bloc Québécois – acting as the swing vote in Parliament. …

Forward Guidance: Political Headlines to Dominate Week AheadRead More

Week Ahead – Draghi’s Last ECB Meeting and Brexit Vote to Headline Muted Data Week

It will be relatively quiet on the data front in the coming week with just a handful of top-tier releases, but Mario Draghi’s last ever policy meeting at the helm of the European Central Bank should make for an interesting week. The ECB meeting will not be the only policy gathering in Europe as the …

Week Ahead – Draghi’s Last ECB Meeting and Brexit Vote to Headline Muted Data WeekRead More

Sterling Consolidates ahead of Crucial Brexit Votes, Dollar Soft

Sterling remains steady today as traders are all holding their bets ahead of tomorrow’s crucial vote on the new Brexit withdrawal agreement. Canadian Dollar follows as second weakest as oil price recovery cannot gather momentum. On the other hand, New Zealand and Australian Dollars firm up mildly. Over the week, however, the Pound remains the …

Sterling Consolidates ahead of Crucial Brexit Votes, Dollar SoftRead More

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