Day: October 1, 2020

Lawmakers pressure USTR Lighthizer to strike a formal trade deal with Taiwan to reduce reliance on China
Forex

Lawmakers pressure USTR Lighthizer to strike a formal trade deal with Taiwan to reduce reliance on China

Early Friday morning in Asia, the South China Morning Post (SCMP) came out with the news suggesting further Sino-American tension. The piece relies on the letter signed by 50 Senators from America that urges US Trade Representative Robert Lighthizer to build a close trade tie with Taipei There are two causes for the push indirectly signaled in the piece. One is to gradually step back from China and the other is to help Taiwan become independent by highlighting it as a viable partner that is open for business. Market implications The US policymakers’ intentions behind the push are suggesting a strong dislike for Beijing and can weigh on the market’s risk-tone sentiment. However, China is enjoying the Golden Week holidays and hence the market reaction to the news is minimal. That said, ...
Our guide to watching the presidential debates
Investing

Our guide to watching the presidential debates

The first debate between President Donald Trump and former Vice President Joe Biden will take place on Sept. 29 — the first of three debates scheduled to take place before Election Day on Nov. 3. The first debate in an election season leaves an indelible impression on voters, especially in regard to the challenger. And often, this impression has nothing to do with substance on the issues and everything to do with optics and presentation. In short, Biden needs to show voters that he is strong enough and competent enough to hold the office. How he presents side-by-side with Trump will be determinative, in our view. For the economy and markets, however, substance does matter. Below are some of the issues that we hope to see addressed in these events. Critical issues to watch COVID-19. Top ...
Exercising Options: Everything You Need to Know
Online Trading

Exercising Options: Everything You Need to Know

You may have heard that trading stock options can be worth a lot of money when used correctly, and it is certainly true. But do you really know how stock options work? Or what a stock option is? Do you know what it mean to exercise options? Do you know the difference between exercising calls and puts? If you are curious, here is a rundown of the basics of stock options trading. How do Options Work? Before we explain what exercise stock options means, you need to understand stock options and how they work on a basic level. What is a Stock Option? A stock option is a financial contract that gives the buyer the right to buy or sell an underlying stock at a predetermined price (strike price) before a certain expiration date. Keep in mind that a buyer of a stock option is a right, not...
Crisil Research launches benchmark indices to compare AIFs
Stock News

Crisil Research launches benchmark indices to compare AIFs

MUMBAI: To assess performance of Alternate Investment Funds, Crisil Research on Thursday launched benchmark indices for the industry. The indices will cover all three AIF categories and provide investors with a metric to compare the performance of a scheme with the peer set. Crisil Research is the research arm of domestic rating agency Crisil. Crisil Senior Director Nagarajan Narasimhan said that after a tepid start a decade ago, the Indian AIF industry has grown exponentially in recent years and commitments of Rs 3.85 lakh crore have been raised between 2012 to June 2020. A common performance metric is elusive and the benchmarks are intended to plug this gap by providing a metric to compare performance of AIFs with the category average. Benchmarking develops a set of standardised pe...
The avaricious misanthropy of Brian Armstrong
Crypto News

The avaricious misanthropy of Brian Armstrong

You can tell from Brian Armstrong’s opening words that he’s a numbers guy. “There have been a lot of difficult events in the world this year,” understated the Coinbase CEO in announcing that forthwith, the largest cryptocurrency exchange in the United States would do a better job of ignoring them. According to Armstrong’s recent blog post, Coinbase’s mission is to “create an open financial system for the world”. He left out the second half of the company’s mission statement, the part about being “the leading global brand for helping people convert digital currency into and out of their local currency,” which doesn’t convey the nobility of his purpose as clearly, but does specify the source of his profits. And it’s really that part we should be focusing on, not the “economic freedom” t...
Your Go-To List of Places to Get Real-Time Stock Market Quotes
Strategy, Technical Analysis

Your Go-To List of Places to Get Real-Time Stock Market Quotes

Interested in real-time stock market quotes for Google? How about Apple? Or do you want to get up-to-date fundamental ratios, such as a stock’s EPS, ROE, P/E and more? Most sites on the internet will get you quotes delayed by 15 minutes or even more. Not the sites on this list. We’ve got a list of websites that provide real-time, accurate and detailed stock market quotes for a number of major exchanges, including Nasdaq, NYSE, and even some European and Asian exchanges. Here’s your go-to list of places to get real-time stock market quotes for your favourite stock. #1 Nasdaq Real-Time Quotes Link: https://www.nasdaq.com/market-activity/quotes/real-time Nasdaq (National Association of Securities Dealers) is a US-based stock exchange, ranked second by the value of market capital...
Pelosi and Mnuchin take a last-ditch shot at a coronavirus stimulus deal
Business news

Pelosi and Mnuchin take a last-ditch shot at a coronavirus stimulus deal

U.S. Treasury Secretary Steven Mnuchin departs from the office of Senate Majority Leader Mitch McConnell (R-KY) at the U.S. Capitol on September 30, 2020 in Washington, DC. Tasos Katopodis | Getty Images House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will try to scrape together a coronavirus stimulus deal Thursday as more trouble spots emerge in the U.S. economic recovery. After the pair met in person Wednesday to try to craft a fifth pandemic relief package, they said they would continue negotiations toward an agreement. The House, which had aimed to pass a $2.2 trillion Democratic bill Wednesday night, delayed a vote until at least Thursday to allow more time for Pelosi and Mnuchin to hash out a bipartisan plan that could get through both chambers of Congress...
Australian dev aims to bring Cardano payments to Shopify stores
Crypto News

Australian dev aims to bring Cardano payments to Shopify stores

An Australian developer has almost completed work on a Cardano (ADA) app that will allow all Shopify stores to transact in ADA tokens and other tokens that run on the Cardano network. The project is being developed voluntarily by Jeronimo Backes who wants to help bring utility to the blockchain. The independent developer told Cointelegraph that he chose Cardano not only because he is already invested in the network, both financially and emotionally, but because he sees it as the most enterprise-ready blockchain that can scale appropriately, adding: “Unlike others, this one is the one I think is being built to last. It’s not like Ethereum, EOS, Tron, and others who are still in a proof-of-concept phase in relation to large-scale business use-cases.” Its code is open-sourced to encourag...
AUD/NZD: Yield spreads to lead towards the 1.12 level – Westpac
Forex

AUD/NZD: Yield spreads to lead towards the 1.12 level – Westpac

AUD/NZD rallied aggressively from under 1.06 late July to highs above 1.10 late August. The past month has seen a sizeable retracement to as low as 1.0718 last week. This week the pair has climbed to the 1.0850 area, however, economists at Westpac see potential for a pullback towards 1.07 near-term but expect upside over Q4 to extend to 1.12. Key quotes “Some of the pullback seems likely to be due to the Aussie’s greater sensitivity to global risk appetite. The relationship between equity sentiment and AUD/NZD historically has been fluid, but this year at least the AUD seems to have been the preferred proxy for risk, the cross sliding about 5 cents during the March pandemic panic, probing parity on 18 March.” “We should expect further swings in AUD/NZD over Q4 as global equities gyrat...
Stock market update: SmallCap stocks gain; Electrosteel Castings skyrockets 16%
Stock News

Stock market update: SmallCap stocks gain; Electrosteel Castings skyrockets 16%

NEW DELHI: SmallCap stocks were trading on a positive note at 02:30PM (IST) on Thursday. Shares of Himatsingka Seide (up 18.43 per cent), Electrosteel Castings (up 16.38 per cent), Gujarat Ambuja Exports (up 12.29 per cent), Trident (up 11.04 per cent) and Bhansali Engineering Polymers (up 10.48 per cent) were among the top gainers. While GVK Power & Infrastructure (down 5.0 per cent), Brightcom Group (down 4.9 per cent), Symphony (down 3.6 per cent) and Nelcast (down 3.22 per cent) were the top losers in the index. The S&P BSE SmallCap index was trading 0.76 per cent up at 14980.96 around 02:30PM. Benchmark NSE Nifty50 index was up 158.55 points at 11406.1, while the BSE Sensex was up 586.0 points at 38653.93. Among the 50 stocks in the Nifty index, 38 were trading in the gr...