Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of its… Please follow and like us:

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Asia markets extend rally as Hong Kong eyes record

Asian traders continued their blistering start to the year on Monday with most markets rising and Hong Kong within spitting distance of its record high, while the euro extended its gains against the dollar. Wall Street once again provided a strong lead on the back of optimism about corporate earnings in light of Donald Trump’s tax… Please follow and like us:

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Jamie Dimon predicts 4% GDP growth, retracts Bitcoin fraud charge

J.P. Morgan boss Jamie Dimon also regrets calling ‘bitcoin’ a fraud By Mike “Mish” Shedlock JPMorgan CEO Jamie Dimon is in the news twice Monday morning, once regarding GDP and once for a Bitcoin retraction. Jamie Dimon claims JP Morgan’s chief economist is wrong about the economy: Dimon Predicts 4% Growth. Dimon said he expects the… Please follow and like us:

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Jamie Dimon: Blockchain is real; Fannie Must Be Protected From Politics

JPMorgan CEO Jamie Dimon on Fannie Mae and Freddie Mac, the SALT deduction, President Trump, bitcoin, the outlook for M&A and Federal Reserve policy.  Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet,… Please follow and like us:

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China seeks French role in Belt, Road

President welcomes Macron on his first visit as head of state China would like to make joint efforts with France to enhance cooperation under the Belt and Road framework using the principle of mutual benefit, President Xi Jinping said on Monday. Xi made the remark while meeting with French President Emmanuel Macron at Diaoyutai State Guesthouse… Please follow and like us:

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The Bulls Return: Brent Crude Could Hit $70, Says Morgan Stanley

With Brent Crude oil driving higher on Wednesday — up nearly $1 and trading at $67.59 in early afternoon New York trading – Morgan Stanley analysts Martijn Rats and Amy Sergeant point out that European refining margins have weakened recently. This is creating a negative correlation, where refining stocks head lower as the underlying product, Brent… Please follow and like us:

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Foreign Stock Markets Seen as Hot Investment in 2018

A confluence of global synchronized growth, accommodative money policy and positive political reform in Europe should lead to continued double-digit returns for foreign equities in 2018, according to the Northern Trust CIO Bob Browne. “We feel positive on European growth, Abenomics is certainly working in Japan, and we’re not expecting a hard landing in China,” Browne… Please follow and like us:

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Xi’s China rising, Trump’s America waning

In less than a year in office, US President Donald Trump has managed to alienate more allies and provoke more enemies faster and more decisively than any of his predecessors in recent history. All of a sudden, we face the simultaneous threats of war from the Korean Peninsula to the Middle East. Meanwhile, US’ chief rival,… Please follow and like us:

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Goldman: Investor Animal Spirits Will Continue To Drive Stocks

As 2017 draws to a close, Goldman Sachs’ Top of Mind research newsletter takes a look back at the trends that have shaped this year in its December issue. The continued bull market has been one of the stand-out trends of 2017. Heading into the year, few analysts were predicting further gains, as President Trump’s mixed… Please follow and like us:

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JPMorgan Says Too Much MiFID II Transparency Might Hurt Market Liquidity

As MiFID II approaches – and the majority of bulge bracket research providers have decided to eat the cost of research rather than charge for it – the looming concern is market liquidity amid MiFID II transparency. Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save… Please follow and like us:

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6 Times ‘The Simpsons’ Accurately Predicted The Future

Fox’s long-running “The Simpsons” has had a knack for foreseeing future events. The popular animated series did it once again in regards to its own fate as it was confirmed Thursday that Walt Disney Company purchased 21st Century Fox assets in a $54.2 billion deal. “The Simpsons” predicted this would occur in 1998, however. On the… Please follow and like us:

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Austria gas plant explosion leads to price hikes

The huge blast at a natural gas hub in eastern Austria has triggered price hikes across Europe. The flow of Russian gas into the hub dropped immediately after the inferno, causing prices in some parts of the continent to soar to unprecedented levels. The hub receives about 45 billion cubic metres of cubic metres of gas… Please follow and like us:

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How is Hungary’s far right changing?

With Hungarians slated to go to cast their ballots in April 2018, the country’s right-wing political landscape has been undergoing a transformation. Recent months have seen Prime Minister Viktor Orban’s ruling conservative party, Fidesz, move further right, while Jobbik, a party with neo-Nazi roots, attempts to rebrand itself as a traditional European conservative party. Fidesz’ left-wing… Please follow and like us:

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Qatar-GCC crisis: ‘Loyalties can shift overnight’

Six months into the Qatar-GCC crisis, which has opened an unprecedented rift among the Gulf countries, the opposing sides appear no closer to a resolution. Saudi Arabia, Bahrain and the United Arab Emirates, along with Egypt, continue to enforce a blockade against neighbouring Qatar, which has refused to comply with a controversial list of demands. The… Please follow and like us:

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RBS: Goldilocks Markets Ahead

When looking at 2018 modeling, NatWest Markets sees a lot of the old mixed in with a bit of new. But there are values to be had. Looking at the year ahead, the arm of the Royal Bank of Scotland is keeping an eye on the US Fed, warning not to take them for granted, as… Please follow and like us:

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