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1 Article
Source: Common Domain

Call of the day: Don’t rule out $400 oil if the U.S. sanctions Saudi Arabia

Today 10:51 GMT

Nevertheless, mounting threats from around the world to punish Saudi Arabia, including the possibility of U.S. sanctions, are rattling the oil-soaked nation and drawing sharp words in response.

“If U.S. sanctions are imposed on Saudi Arabia, we will be facing an economic disaster that would rock the entire world,” he wrote in an op-ed. “If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure.”

1 Article
Source: Common Domain

U.S. Stocks Have Been an Anomaly in Global Markets. Not Anymore.

Today 03:19 GMT

The factors that helped U.S. stocks to solidly outperform other global equity markets this year—a booming tech sector, and seemingly little concern for the pace of the Federal Reserve’s interest rate increases—faded sharply last week, when a sudden selloff left the S&P 500 down 5% for the month.

For months, U.S. stocks powered higher to records while most of the world’s markets crumbled, a divergence that analysts and investors said wouldn’t last.

1 Article
Source: Reuters

Bear or bull Five reasons to claw or thunder

Today 10:51 GMT

A sharp pullback in stocks last week, including the S&P 500's .SPX biggest single-day drop since a market correction in February, has left investors questioning whether this could signal danger for the longest-ever bull run for U.S. equities.

IT’S THE ECONOMY, STUPID: Federal Reserve Chair Jerome Powell last week said the outlook for the U.S. economy is “remarkably positive,” and strategists are quick to note that it is rare to have a bear market when the economy is expanding. “When you don’t have a recession, typically pullbacks can be sharp, but they tend to be short,” said Brad McMillan, chief investment officer for Commonwealth Financial Network in Waltham, Massachusetts.

1 Article
Source: BBC

Winners and losers as Canada legalises pot

Today 10:51 GMT

Analysts suggest the size of the consumer pot market will be anywhere from $4.2bn to $8.7bn with between 3.4m and 6m people using cannabis recreationally in the first year after legalisation.

In an effort to promote a diverse cannabis marketplace, Canada has created specific "micro-cultivator" and "micro-processing" licenses. Some small producers are farmers who had limited licenses to grow medical cannabis but who had also been supplying the black or so-called "grey" market.

1 Article
Source: Common Domain

The Bad Trade-Offs Emerging Markets Face

Today 03:20 GMT

Countries are making these trade-offs for fear the turmoil that has gripped emerging markets such as Turkey and Argentina could spread more broadly.

Central bankers and finance ministers attending the annual gathering of the International Monetary Fund and the World Bank in Bali, Indonesia, debated the ability of emerging markets to withstand higher interest rates, which make their dollar debts more expensive to repay.

1 Article
Source: Common Domain

IMF Shows Risks in China’s Debt Markets as Global Popularity Booms

Today 10:51 GMT

China’s $12 trillion bond market is becoming more popular with foreign investors, but sharp swings in trading volumes could present a risk to the country’s financial stability, according to the International Monetary Fund.

“This procyclical link between bond trading and financial conditions represents a significant vulnerability in China’s financial markets,” wrote IMF financial-sector expert Henry Hoyle.

1 Article
Source: Common Domain

World’s Most Consumed Liquor Tries to Make It in the U.S.

Today 10:51 GMT

China’s baijiu liquor is the most widely consumed spirit in the world, yet most of the Western world has never heard of it.

The state-owned distillery in Sichuan province has joined with U.S. and European entrepreneurs in a venture called Ming River, seeking to introduce Americans and Europeans to the popular liquor, one bartender at a time.

1 Article
Source: Common Domain

These numbers show Suze Orman is right about needing $5 million to retire

Today 10:51 GMT

Suze Orman broke the internet earlier this month when she told the “Afford Anything” podcast that those buying into the FIRE movement (financial independence, retire early) better save at least $5 million to achieve that goal.

“Her views ruffled a lot of feathers, but after crunching the numbers, I have to agree — $5 million sounds about right if you want to retire before the age of 60,” the Financial Samurai blog’s Sam Dogen said. “Bad things happen in life all the time that costs money!”

1 Article
Source: Common Domain

Asian markets resume their fall, with tech stocks leading the way

Today 10:51 GMT

Markets in mainland China were mixed, with the Shanghai Composite SHCOMP, -0.39%   down 0.3% but the smaller-cap Shenzhen Composite 399106, +0.31%   up 0.4%.

Japan’s Nikkei fell more than 1% following its worst week in right months, while indexes in Hong Kong and Taiwan also dropped more than 1%. Asian stock markets lost ground in early trading Monday following Friday’s regional bounce that eased last week’s pain.

1 Article
Source: Common Domain

October Rout Will Test Pensions’ Wall Street Crash Protection

Today 10:51 GMT

Large pension funds are snapping up Wall Street protection against a market crash, but it isn’t clear the products will help limit losses in the current pullback.

Pensions and those working on crisis strategies say they are aware these products may only provide protection in a sustained downturn, rather than a short, vicious decline in stocks. The popularity of the crisis-risk-offset category reflects a realization pensions came to several years ago that they may not be well-prepared for a sustained downturn.

1 Article
Source: BBC

Could North Korea ever join the IMF?

Today 10:51 GMT

At the recent UN General Assembly, South Korea's President Moon Jae-in was discussing North Korea's strides to build relations and open up to the world.

"If black markets or underdevelopments were barriers to being a part of the IMF, there wouldn't be that many members," Mr Abrahamian added.

1 Article
Source: Common Domain

Why stock-market volatility is better than any risk tolerance questionnaire

Today 10:51 GMT

There are two elements to risk tolerance: how much you’re willing to risk, and how much risk you can actually handle financially.

For Odjick and many other investors, this week’s market volatility has provided a powerful lesson on the true meaning of risk tolerance. It’s a concept that younger or less-experienced investors have only felt in the abstract as they built their portfolios during a bull market.

1 Article
Source: Fox News

Oil prices climb amid Saudi tensions

Today 10:51 GMT

Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices.

"The market has again expressed concerns over geopolitical tensions in the Middle East after U.S. and Saudi traded comments over the disappearance of the Saudi journalist, leading to a jump in prices," Wang Xiao, head of crude research with Guotai Junan Futures, wrote in a research note.

1 Article
Source: Common Domain

5 questions worried Americans will ask after the Dow’s wild ride

Today 03:20 GMT

The Dow Jones Industrial Average DJIA, +1.15% S&P 500 index SPX, +1.42% and Nasdaq Composite Index COMP, +2.29%  have all been experiencing volatility in recent days, weighed by rising bond yields and a trade war with China.

On social media, people with retirement accounts are wondering if, having been reminded that the market does not always move upward, they should move their money into a more conservative posture.

1 Article
Source: The Guradian

Focaccia and financial meltdown: can a Wall Street crash be beautiful?

Sunday 23:41 GMT

In my book the most prominent Wall Street lawyer advises: “Instead of paying for your legal education, you should have invested in a lottery strategy.”

A claim that was made for the crash of 2008 (and in fact for every crash since 1929), was that there were no regulations.


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