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EU Regulators Take Aim At London's Asset-Management Industry

EU Regulators Take Aim At London's Asset-Management Industry

Brexit negotiations officially began three weeks ago, and whether the UK will retain access to the European Union’s single financial market once they’re over is unknown. Yet that hasn’t stopped regulators on the Continent from taking a swipe at more than a trillion euros in assets, and thousands of well-paying finance jobs required to manage them, that they think belong on the other side of the English Channel.

One Trader Warns "Many Assets Are Ripe For A Correction" & Korea Is The Excuse To Sell

One Trader Warns "Many Assets Are Ripe For A Correction" & Korea Is The Excuse To Sell

With Emerging Market bonds suffering sudden and large outflows (after reaching record low levels of risk), IPOs collapsing, and 'no brainer' FANG stocks unable to keep a bid, it appears - despite the hype of a 30-component-index heavily weighted towards financials being near its record highs - that all is not well in the "buy everything.. especially the highest beta crap" investing world in which traders have become so used to existing.

Global Stocks Rebound From Korea Jitters; S&P Flat As Fed Minutes Await; Oil Slides

Global Stocks Rebound From Korea Jitters; S&P Flat As Fed Minutes Await; Oil Slides

S&P futures were little changed at 2,425, ignoring the N.Korea tensions of the past two days which will likely be a major topic in the upcoming G-20 summit, as European stocks fluctuate and Asian markets advance. Crude oil fell, snapping the longest winning streak this year, as Russia said it opposed any proposal to deepen OPEC-led production cuts.

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