Monday, May 15, 2017

Today's Headlines

  • EU Tightens Brexit Negotiating Language as Positions Harden. (video) European Union governments tightened their Brexit negotiation position as they prepare for talks with the U.K. over its departure from the bloc. The EU toughened its language on a future transitional arrangement that would help companies adapt to Britain’s new status, specified demands on citizens’ rights and clarified the role of European courts, according to the latest draft negotiating directives obtained by Bloomberg News.
  • Here's Why China's Growth Momentum Is Slowing. (video)
  • Wave of Cyber Attacks Sends Online-Security ETF Surging. (video) Call it the flight to cyber-safety. After a wave of global online attacks over the weekend, companies such as FireEye Inc. that provide software security services gained Monday on speculation the exposed weaknesses may trigger a surge in security spending. The $967 million PureFunds ISE Cyber Security ETF, or HACK, jumped the most in six months.
  • Oil Price Indicators Flash Buy as OPEC Expectations Grow Bigger. (video) Price curve? Check. Technical markers? Check. The oil market just got bullish and that’s left OPEC with little room for maneuver when it meets in Vienna next week.
  • Hedge Funds Are Dumping Gold Bets at Fastest Rate Since 2008. Expectations for another boost in U.S. interest rates are wearing down gold bulls. Hedge funds and other large speculators cut long positions in bullion futures and options by the most in more than eight years last week. Traders have been exiting as Federal Reserve officials signal higher borrowing costs this year and political uncertainty in Europe eases, reducing demand for gold as a store of value.
Wall Street Journal:

No comments: