Written by Gary
US stocks have extended their rally into the new year (SPY +0.5%). The dollar recovered from a six-month low to add 0.44%.
Here is the current market situation from CNN Money | |
 | North and South American markets are broadly higher today with shares in Mexico leading the region. The IPC is up 1.87% while Brazil’s Bovespa is up 1.83% and U.S.’s S&P 500 is up 0.34%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
| Tesla says will start delivering China-made Model 3s to public on Jan. 7Tesla Inc will deliver its first China-made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday. |
| Exclusive: China halts British stock link over political tensions – sourcesChina has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain, five sources told Reuters. |
| Wall Street kicks off 2020 at record levels on China stimulus, trade hopesU.S. stocks extended their rally into the new year, with all three major indexes hitting record highs on Thursday, as fresh stimulus from Beijing to prop up its economy added to optimism fueled by easing trade tensions and an improving global outlook. |
| Stocks surge as rally enters year, dollar reboundsThe dollar snapped a four-day losing streak on Thursday and global equity markets jumped at the start of 2020 with a shot of Chinese stimulus, ensuring last year’s record-breaking rally remained intact. |
| Lebanon receives Interpol arrest warrant for GhosnLebanon received an Interpol arrest warrant on Thursday for former Nissan boss Carlos Ghosn, while Turkey launched an investigation into his daring escape from Japan via Istanbul. |
| Carlos Ghosn says family played no role in escape from Japan: statementThe family of former Nissan boss Carlos Ghosn played no role in his escape from Japan, Ghosn said in a statement on Thursday, days after his abrupt arrival in Beirut from Tokyo, where he faces trial for alleged financial misconduct. |
| Ghosn met Lebanese president after fleeing Japan: sourcesFugitive former Nissan chairman Carlos Ghosn met Lebanon’s president after fleeing from Japan, where he was smuggled out of house arrest by a private security company, two sources close to Ghosn said on Wednesday. |
| Dollar recovers from six-month low after year-end selloffThe dollar recovered from a six-month low to add 0.44% on Thursday, the first trading day of 2020, ending a four-day losing streak and a downbeat December that had left the index virtually flat at the end of 2019. |
| Oil firm as trade optimism, Mideast tensions supportOil rose on Thursday as signs of improving trade relations between Washington and Beijing which eased demand concerns and rising tensions in the Middle East provided support. |
| Bitcoin Kicks Off 2020 More Secure Than Ever As Hash Rate Hits RecordBitcoin Kicks Off 2020 More Secure Than Ever As Hash Rate Hits Record Authored by William Suberg via CoinTelegraph.com, Bitcoin has already hit a new record in 2020 as theA cryptocurrency’sA network hash rate once again topped previous all-time highs.A … |
| Turkey’s Parliament Authorizes Military To Deploy Troops In LibyaTurkey’s Parliament Authorizes Military To Deploy Troops In Libya At a moment pro-Haftar Libyan forces have reportedly made advanced nearA Tripoli International Airport, Turkey’s parliament has voted to approve Erdogan’s next controversial foreign military adventureA “A sending troops to Libya to bolster the governmentA under Prime Minister Fayez al-Sarraj based in Tripoli.A Turkish lawmakers approved the motion (325 to 184) at an emergency session on Thursday to grant a one-year mandate for troopA deployment, despite the clearly ratcheting destabilization in the North African country which has been in essentially a state of anarchy since US-NATO regime change aimed at decades-long rulerA Muammar Gaddafi. |
| Trump Campaign Raises $46 Million In Q4 As Bernie Dominates Democratic FundraisingTrump Campaign Raises $46 Million In Q4 As Bernie Dominates Democratic Fundraising Fresh from his heart attack – but still deemed healthy enough to be President by his doctor – socialist Vermont Senator Bernie Sanders is leading Democratic presidential candidates in fundraising numbers, bringing in $34.5 million in the fourth quarter of 2019, his campaign announced Thursday. |
| Burn, Pay, Or Shut It Down: Three Evils For Permian DrillersBurn, Pay, Or Shut It Down: Three Evils For Permian Drillers Authored by Julianne Geiger via OilPrice.com, There was a time when natural gas was a welcomed byproduct of crude oil drilling, and drillers in the prolific Permian basin enjoyed this consolation prize–at least when natural gas prices were on the rise. All good things come to an end, though, and the amount of natural gas now exceeds the capacity to get rid of it. With pipeline capacity fully exploited and natural gas prices squarely in the red, Permian drillers today are faced with three lousy choices: burn off the natural gas, pay to have the gas removed, or slow oil drilling activities to staunch the flow of natural gas. |
| You’ll never guess who asked TikTok for users’ data the mostYou’ll never guess who asked TikTok for users’ data the mostTikTok said India sent 107 total requests for user information in the first half 2019. |
| 5 things you need to know about Budget 20205 things you need to know about Budget 2020The FM faces one of the toughest balancing acts of her career and the nos before her are not very encouraging. |
| Choosing health cover is set to get a lot easierChoosing health cover is set to get a lot easierIrdai has issued guidelines on standard individual health insurance, asking insurers to cover basic health needs. |
| Tax Guy: Secure Act includes one critical tax change ‘that will send estate planners reeling’The Secure Act includes some other important tax changes that have nothing to do with retirement. |
| The Moneyist: ‘Help! I’m 22 with $70,000 in savings and investments, but I’m addicted to checking my brokerage accounts multiple times a day’‘I am addicted to watching the total accounts � number grow in my portfolio.’A |
| Capitol Report: Here are the 14 Democrats running for president, as Castro drops out and Iowa caucuses loomThe 2020 Democratic presidential hopefuls are ramping up their pitches to voters with the Iowa caucuses about a month away and one fewer contender in their midst. Former Housing and Urban Development Secretary JuliA!n Castro on Thursday became the latest candidate to drop out of the race. |
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