USD/JPY correlation to equities may have ended today

Risk aversion hit US equities as stocks plunge with all sectors trading lower. Oil’s collapse to a 13-month low also helped drive stocks lower. The US dollar traded higher against the Japanese yen and may have seen its correlation to equities come to an end. The backdrop for a stronger dollar may remain if expectations for the Fed to continue its tightening cycle grow.

National Bank Financial Equities Analysts Increase Earnings Estimates for Wheaton Precious Metals Corp (WPM)

Wheaton Precious Metals Corp (TSE:WPM) – Equities researchers at National Bank Financial lifted their FY2018 EPS estimates for Wheaton Precious Metals in a research note issued to investors on Wednesday, November 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.65 per share for the year, up from their prior forecast of $0.62. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q4 2018 earnings at $0.12 EPS, FY2019 earnings at $0.54 EPS and FY2020 earnings at $0.69 EPS.

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