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1 Article
Source: Common Domain

Asian markets tick higher; Nikkei up despite disappointing data on exports

Today 06:59 GMT

The Nikkei 225 index NIK, +0.47%   rose 0.3% despite news that Japan’s exports sank 8.4% in January from a year earlier, far more than forecast.

Data showed a 17% drop in Japan’s exports to China and 13% decline in exports to the rest of Asia including China helped dragged overall exports sharply lower. Investors are keeping a close eye on talks between U.S. and Chinese negotiators in Washington that are aimed at ending a trade war between the world’s largest economies.

1 Article
Source: Common Domain

Trump says ‘stock market would be down 10,000 points by now’ had ‘the opposition’ done this

Today 08:05 GMT

President Donald Trump on Tuesday tweeted that the stock market would effectively have crashed had he lost the 2016 race for the White House, reiterating a number of similar statements he has made that have assigned credit to his administration for buoying financial markets over the past two-plus years.

Trump didn’t specify which benchmark he was referencing but, the 45th president was likely referring to the Dow Jones Industrial Average DJIA, +0.03% which has gained 42%, or more than 7,600 points, since the day before his stunning victory over Democrat Hillary Clinton on Nov. 8, 2016.

1 Article
Source: Common Domain

European markets struggle as investors respond to HSBC and BHP earnings

Today 08:04 GMT

European stocks were down on Tuesday, as investors responded poorly to earnings from HSBC and BHP Group while trade negotiations between the U.S. and China continue in Washington.

HSBA, -3.94% HSBA, -3.94% and the world’s largest listed miner by market value BHP Group BHP, -1.02%. HSBC Holdings PLC HSBC, +1.01% The markets mainly reacted to the latest set of company earnings from heavyweights HSBC Holdings PLC HSBC, +1.01%

1 Article
Source: BBC

UK employment hits another record high

Today 08:04 GMT

ONS deputy head of labour market Matt Hughes said: "The labour market remains robust, with the employment rate remaining at a record high and vacancies reaching a new record level. "The unemployment rate has also fallen, and for women has dropped below 4% for the first time ever."

"The increase in the number of vacancies to a new record high confirms that labour and skills shortages are set to remain a significant a drag on business activity for some time to come, impeding UK growth and productivity."

1 Article
Source: Common Domain

Stock investors are swarming emerging markets — here’s why that might be a problem

Today 08:04 GMT

Investors are falling back in love with emerging markets to a degree that’s ringing alarm bells among some prognosticators, who cautioned against joining the swoon at this point.

As of the end of January, the MSCI EM index 891800, +0.59%  traded at a forward price-to-earnings, or P/E, ratio of 11.4 and a price-to-book value, or P/BV, of 1.6, while developed market, as represented by the MSCI World Index, which tracks large- and midcap equity performance across 23 developed-market countries, had a forward P/E of 14.5 and a P/BV of 2.3.

1 Article
Source: Common Domain

A drop in U.S. stocks may be fast and furious, according to Elliott Wave theory

Today 06:04 GMT

Avi Gilburt is a widely followed Elliott Wave technical analyst and founder of ElliottWaveTrader.net, a live Trading Room featuring his intraday market analysis (including emini S&P 500, metals, oil, USD & VXX), interactive member-analyst forum, and detailed library of Elliott Wave education.

While we expected the S&P 500 Index SPX, +0.15%  to drop to 2,250-2,335 points to complete the a-wave of an a-b-c, larger-degree 4th wave correction, we also expected that the b-wave rally would take us back to at least 2,800 and even potentially higher.

1 Article
Source: The Guradian

DC cancels comic where Jesus learns from superhero after outcry

Today 08:04 GMT

A new comics series in which Jesus Christ is sent on “a most holy mission by God” to learn “what it takes to be the true messiah of mankind” from a superhero called Sun-Man, has been cancelled by DC Comics. The move follows a petition that called it “outrageous and blasphemous”.

“I think the religious fundamentalists and critics who are trying to stop Second Coming aren’t interested in protecting Christ so much as their ability to control his narrative … They probably (correctly) suspect that it’s not Christ who’s being parodied, but themselves and how they’ve twisted his teachings of mercy for the powerless into a self-serving tool of the powerful.”

1 Article
Source: Fox News

Vietnamese barber giving out free Trump-Kim haircuts to mark second summit

Today 08:05 GMT

A barber in Vietnam is offering up free haircuts for anyone looking to freshen up before the upcoming second summit between President Trump and North Korean leader Kim Jong Un.

Thae Yong Ho, who defected to South Korea in 2016, said in a news conference in Seoul that next week's meeting in Vietnam will be a failure if Trump can't get Kim to declare he will abandon all of his nuclear facilities and weapons and return North Korea to the nuclear non-proliferation agreement.

1 Article
Source: Common Domain

Five reasons emerging-markets stocks could outperform U.S. stocks for several years

Today 08:04 GMT

Emerging market stocks are cheaper than U.S. stocks, one reason fund manager Charles Shriver has been increasing EM exposure in the T. Rowe Price Global Allocation Fund RPGAX, +0.65% over the past several months.

Brush is a Manhattan-based financial writer who has covered business for the New York Times and The Economist Group, and he attended Columbia Business School in the Knight-Bagehot program.

1 Article
Source: Reuters

North Korea's 'socialist utopia' needs mass labor. A growing market...

Today 00:34 GMT

The rise of markets and growing public resentment toward forced labor have eroded the quality of labor at most brigades nationwide, defectors say.

North Korean defectors and human rights activists say such mass mobilizations amount to “slave labor” disguised as loyalty to Kim and the ruling Workers’ Party. Young workers get no pay, poor food and are forced to work more than 12 hours a day for up to 10 years in return for better chances to enter a university or join the all powerful Workers’ Party.

1 Article
Source: Common Domain

America’s biggest meat producer wants to take a bite out of the vegetarian market

Tuesday 08:03 GMT

Tyson Foods, the maker of hot dogs, steak strips, and chicken nuggets, announced last week it plans to debut a vegan protein this year, marking its foray into the plant-based meat market as the demand for vegan options reaches an all-time high.

Read: Beyond Meat is going public: 5 things you need to know about the plant-based meat maker. Vegan products including jackfruit, black bean burgers, mushroom mince and cauliflower are becoming popular substitutes for barbecue meats such as steak and sausage.More brands continue to show interest in the growing category.

1 Article
Source: Common Domain

Why the stock market might soon careen down a dangerous ‘slope of hope’

Tuesday 11:45 GMT

It’s not inconsistent with the contrarian analysis of current market sentiment that the stock market could be headed to major new all-time market highs later this year.

For more information, including descriptions of the Hulbert Sentiment Indices, go to The Hulbert Financial Digest or email mark@hulbertratings.com.

1 Article
Source: DW

Germany bans short selling of Wirecard stock

Tuesday 12:40 GMT

Short sellers have been hounding the share price of one Germany's biggest financial technology companies in recent weeks.

The ban, BaFin's first to apply to a single company stock, caused a 13.1 percent hike in Wirecard's share price to €113 ($127.24) in Monday trading. The European Securities and Markets Authorities (ESMA) said it supported the decision as "appropriate and proportionate."

1 Article
Source: The Guradian

Tormenting Meghan Markle has become a national sport that shames us

Sunday 20:54 GMT

In the period when the acquisition of the former Meghan Markle was depicted as little short of a national triumph, much was written in the British press about her various accomplishments.

Now that tormenting the Duchess of Sussex has become a national sport, limited only by the supply of new material, this same incredible handwriting is proving a treasure trove for character assassins. Last week, after her father released sections of a private letter she had written, alleged handwriting experts confirmed what the Meghan pursuit is making increasingly clear: harassment by the press is not over in the post-Leveson era, just different, and not merely because the results are disseminated instantly, with added conspiracy, on social media.

1 Article
Source: Common Domain

Australia’s Mornington Peninsula: Beachside Area Weathers a Cooling Market

Monday 12:38 GMT

The glamorous beachside suburbs of Mornington Peninsula in Victoria, Australia, have long been the aspirational getaway of choice for hardworking Melbournians.

In essence, a visit to the Mornington Peninsula, a 90-minute drive from Melbourne’s central business district, is the quintessential sign that summer has begun. Despite crowds of tourists leaving all the hallmarks of a busy summer season, the prestige Peninsula hasn’t escaped the adverse effects of Melbourne’s softening property market.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte