Asia Stocks to Track U.S. Gain; Brexit Slams Pound: Markets Wrap

Asian equities looked set to round out the week with small gains, following a rally in U.S. stocks amid optimism that China and the U.S. would de-escalate their trade spat before the G-20 summit later this month. Futures pointed to a higher open for stock markets in Japan, China and Hong Kong, while Australian shares opened in the green. Trade-sensitive industrial shares led the S&P 500 Index higher and technology shares rebounded, though Nasdaq 100 Index futures fell in Asian trading Friday after Nvidia Corp. gave a disappointing sales forecast. The pound held on to its plunge as Brexit again threw the U.K. government into turmoil. The dollar fell against every G-10 peer save the pound, while Treasuries rose. Read More @ https://www.bloomberg.com//news/articles/2018-11-15/asia-stocks-to-track-u-s-gain-brexit-slams-pound-markets-wrap?srnd=markets-vp

WHAT IS THE PSEi SAYING?

Bitcoin Is Crashing — What’s Wrong With the Cryptocurrency Market?

Cryptocurrency prices have been relatively calm for the past few months, but that all changed on Wednesday. Leading cryptocurrency bitcoin suddenly plunged below $6,000 to its lowest level of 2018, and most other digital assets followed suit. Here’s why the volatility has suddenly returned to the cryptocurrency markets, where the largest cryptocurrencies stand, and whether the upward momentum that we saw in 2017 could return anytime soon. read more @ https://www.fool.com/investing/2018/11/15/bitcoin-is-crashing-whats-wrong-with-the-cryptocur.aspx

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Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

 

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