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Bitcoin rockets above $18k

• Bitcoin crossed the $18,000 mark overnight. Asia-Pacific markets were mixed in early Wednesday trade. Meanwhile, the U.S. dollar continued its slide;
• Ant Group is still capable of clinching the world’s largest IPO — even as Chinese regulatory hurdles weigh heavily on the financial technology giant, says one of the country’s major investors;
• China de-dollarization accelerates as U.S Treasury holdings near 4-Year lows;
• Japan reported its exports in October did much better than expected, falling 0.2% as compared to a 4.5% decline forecast in a Reuters poll;
• Bill Gates says more than 50% of business travel will disappear in post-coronavirus world;
• Coronavirus latest: China’s Sinovac vaccine triggers ‘quick’ antibody response, study shows;
• UK Prime Minister Boris Johnson wants a Green Industrial Revolution that bans new petrol cars, adds jobs.
What else?
• Europe’s economic recovery will be three times faster than after 2008 crash, Morgan Stanley says;
• SoftBank CEO warns Of "Lehman-Like-Crisis" that could crash Global Economy;
• Amazon launches online pharmacy in challenge to traditional retailers. The news triggered a sharp sell-off in drug stores shares. Walgreen dropped 9.6% and CVS lost 8.6%;
• Robinhood soliciting advisors for potential IPO early next year;
• "People Are Afraid" - 300,000 New Yorkers flee City due to COVID-19;
• BA to launch coronavirus tests on some transatlantic flights.

The Day Ahead
• Earnings: NVIDIA, Lowe's, Target, TJX, A.P. Moeller-Maersk A-S, Clorox, Gazprom, Western Digital, Metro, News Corp;
• Macro: U.K. CPI, Eurozone CPI, U.S. Building Permits, U.S. Housing Starts.

Quote of the day
"To steal ideas from one person is plagiarism; to steal from many is research.” – Steven Wright

U.S. stocks fell on Tuesday as the market’s recent rally cooled off amid a sharp decline in drug store shares and disappointing economic data. The Dow Jones dropped 0.6% while the Nasdaq Composite fell 0.2%. The pan-European Stoxx 600 closed down by around 0.2%, with travel stocks shedding 1.1% to lead the losses. Oil prices were little changed on Tuesday as worries that lockdowns to fight a new surge in coronavirus cases could hit short-term demand counteracted hopes for a vaccine and the possibility of tighter OPEC+ supply policies. The price of bitcoin was up over 4% in the last 24 hours, trading at over $17,000 and hitting its highest point since Jan. 7, 2018.
The U.S Commerce Department said Tuesday that retail sales rose 0.3% last month, missing economists’ forecast for a 0.5% rise. The retail sales control group – which has a larger impact on U.S. GDP – climbed 0.1%, well short of expectations for a 0.5% increase.




Thanksgiving crypto carnage
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Global stocks set for best month EVER
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Dow hits 30k for the 1st time
The Dow Jones Industrial Average, America's oldest equity benchmark has closed above 30,000 for the first time on record. MARKETSNews• Japan’s Nikkei is up nearly 2% as Asia-Pacific shares mostly rise after Dow surges to a new record;• Airlines and cruise stoc… Read more


Gold drops to 4-month low
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Ethereum surges over $500
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Energy stocks having best Q4 in 30 years
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Stocks pullback after NYC schools closure
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Bitcoin rockets above $18k
MARKETSNews• Bitcoin crossed the $18,000 mark overnight. Asia-Pacific markets were mixed in early Wednesday trade. Meanwhile, the U.S. dollar continued its slide;• Ant Group is still capable of clinching the world’s largest IPO — even as Chinese regulatory hur… Read more