US Equities Shine As Trade War Worries Grow

Global equities have held up fairly well in light of the generally negative news flow, entirely driven by the United States, where stocks are up 9.6% year to date, while the euro area, Japan and emerging markets have underperformed. Broader style and sector leadership remains intact with cyclicals and growth outperforming defensives and value. In this context, the Research team from AXA IM points that earnings momentum remains “robust” with the second quarter earnings season posting “positive growth” and “surprising” on the upside across most major regions.

Capital One Financial Equities Analysts Boost Earnings Estimates for Southwestern Energy (SWN)

Southwestern Energy (NYSE:SWN) – Equities research analysts at Capital One Financial raised their Q3 2018 earnings estimates for shares of Southwestern Energy in a report issued on Tuesday, September 4th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of $0.20 for the quarter, up from their prior estimate of $0.18. Capital One Financial also issued estimates for Southwestern Energy’s Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.89 EPS and FY2019 earnings at $1.14 EPS.

China Engages in Australia’s Largest Maritime Drill for First Time

China is participating for the first time in Australia’s largest maritime exercise as more than 3,000 personnel from 27 countries engage in joint training off the strategic northern port of Darwin.

Exercise Kakadu is hosting 23 ships and submarines from across the Indo-Pacific region, enabling them to establish familiarity which helps to prevent conflict on the high seas and to coordinate disaster relief efforts.

3 Possible Short Term Scenarios For Bitcoin (BTC) And The Crypto Markets

The subtle art of predicting the future of the crypto markets hinges more on news and the reaction to it, than to the highly respected technical analysis of BTC. This can be seen with the recent decline of Bitcoin (BTC), Ethereum (ETH) and all other digital assets due to fake news that the Goldman Sachs firm, was relegating plans to launch a Crypto trading desk in the near future. The news had stated that the firm had cited Bitcoin regulatory hiccups as the reason to temporarily put the plans on hold.

What Next For Ethereum (ETH)?

Ethereum (ETH) has had a rough week in the crypto markets. On the 5th of September, right before the whole market lost close to $40 Billion in a day, ETH was valued at $280 and seemed to have considerable support at that level. Then the news hit that Goldman Sachs have decided not to proceed with plans for a Bitcoin (BTC) and Crypto trading desk. The entire market tanked. ETH fell in the markets to current levels of $219 as the news about Goldman Sachs have since been declared as fake news.

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