Financial market research and analysis

Our analysts have their fingers on the pulse of the world's financial market news.

CFD trading is high risk and may not be suitable for everyone.
Stocks pullback after NYC schools closure

• Asia-Pacific markets fell on Thursday as traders grappled with optimism around a potential coronavirus vaccine and economic worries;
• Deutsche Bank: "There is increasing demand to use Bitcoin where Gold was used to hedge dollar risk and inflation";
• Tesla closed 10% higher after Morgan Stanley upgraded the stock due to huge 'internet-of-cars' upside;
• Elon Musk passes Mark Zuckerberg to become the world’s fourth richest person;
• Nikola surged 15% after the company is referenced on GM's website amid ongoing deal talks;
• Zoom spiked 3% as New York City will close schools for in-person learning to curb Covid outbreak, which means more remote learning;
• Goldman warns of "Massive" $36BN month-end pension selling, 4th largest on record;
• Google muscles in on Wall Street's Turf with new Checking Accounts;
• SEC finally considers requiring US-Listed Chinese-companies to use auditors with US oversight;
• Trump campaign requests partial Wisconsin recount, deposits $3 million to challenge Biden victory. Georgia recount monitor catches 9,626-Vote error during hand recount.
What else?
• Apple to halve App Store rates for small businesses. The move by iPhone maker is unlikely to calm complaints from big developers;
• Gunvor to end use of agents to win business. It is the latest commodity trader to cut back on intermediaries as sector faces scrutiny from regulators;
• The Dow Jones Industrial Average stock index has the potential to reach the 40,000-point mark in 2021, according to Baird’s Patrick Spence;
• FAA clears Boeing 737 Max to fly again after 20-month grounding spurred by deadly crashes;
• Moderna’s coronavirus vaccine maker identifies ‘big challenges’ to mass production;
• The UK plans to ban sales of diesel and petrol cars from 2030;
• UK electric vehicle maker Arrival is going public via SPAC at a $5.4 billion valuation;
• Wednesday morning, Bank of America, JP Morgan, Deutsche Bank and Crédit Suisse analysts all increased their target price on NIO.
The Day Ahead
• Earnings: Workday, Netease, McAfee, Williams Sonoma;
• Macro: U.S. Philadelphia Fed Manufacturing Index, U.S. Existing Home Sales, Peoples' Bank of China (PBoC) Loan Prime Rate Decision, European Council Meeting (which is seen as a Preliminary Brexit Trade Deal Deadline).

Quote of the day
"Never have more children than you have car windows.” – Erma Bombeck.

U.S. stocks fell for a second straight day on Wednesday as the market’s recent rally to new records took a pause. The Dow Jones dropped 344 points, or 1.2%, to 29,438.42 in a volatile session, after rising as much as 147 points at its session high. The tech-heavy Nasdaq Composite fell 0.8%. European markets closed higher Pfizer said final analysis had shown its vaccine was 95% effective and would be submitted to the U.S. Food and Drug Administration (FDA) for approval within days. Bitcoin surged above $18,000 intraday (just shy of $18,500).
Mayor Bill de Blasio announced New York City’s public schools will move to remote learning only as the city tries to tamp down a growing number of coronavirus cases. The U.S. is recording roughly 157,000 new coronavirus cases per day, on average.



Thanksgiving crypto carnage
Bitcoin alongside other major cryptocurrencies dived double digits in a huge Thanksgiving sell-off after coming close to the record high set in December 2017 MARKETSNews• Asia-Pacific markets are little changed this morning. Bitcoin and altcoins are stable fol… Read more


Global stocks set for best month EVER
MARKETSNews• Stocks in Asia-Pacific struggled for direction in Thursday trade as investors reacted to minutes released overnight from the U.S. Federal Reserve’s November meeting; • The Fed weighed adjusting bond purchases to provide more help to economy ‘fairl… Read more


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
Higher real interest rates thanks to positive covid-19 vaccine news caused gold to drop below key support at $1850 per oz to a new 4-month low. MARKETSNews• Trump administration officially begins transition to Biden: General Services Administration chief Emily… Read more


Ethereum surges over $500
News• Stocks in Asia-Pacific edge higher while airline shares in Hong Kong and Singapore decline after an anticipated air travel bubble between the two cities was delayed due to rising Covid-19 cases in Hong Kong;• Beijing warns of crackdown on misconduct afte… Read more


Energy stocks having best Q4 in 30 years
MARKETS News• Asia-Pacific markets traded mixed on Friday as investors remained cautious over the short-term economic impact of the coronavirus as cases around the world continue to rise. Dow futures fall more than 200 points as fresh virus restrictions raise… Read more


Stocks pullback after NYC schools closure
News• Asia-Pacific markets fell on Thursday as traders grappled with optimism around a potential coronavirus vaccine and economic worries;• Deutsche Bank: "There is increasing demand to use Bitcoin where Gold was used to hedge dollar risk and inflation";• Tesl… Read more


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