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U.S. Stocks Set To Open Higher

S&P 500 futures are up in premarket trading in sympathy with European bourses which are gaining ground after the release of Euro Area Manufacturing PMI report.To get more news about WikiFX, you can visit wikifx news official website.
  The report showed that Euro Area Manufacturing PMI increased from 47.4 in June to 51.8 in July. Numbers above 50 show expansion. The return to growth is an encouraging development which may provide additional support to riskier assets.

  Today, the U.S. will also release its Manufacturing PMI data. Analysts expect that U.S. Manufacturing PMI increased from 49.8 in June to 51.3 in July. A better-than-expected Manufacturing PMI report can provide more support to U.S. stocks and push them higher.

  [fx-article-ad]Republicans And Democrats Fail To Reach Consensus On New Coronavirus Aid Package
  Republicans and Democrats continued their negotiations over the weekend but did not manage to reach consensus on the coronavirus aid deal.
  Democrats want to preserve special unemployment benefits of $600 per week while Republicans are worried about costs and want to cut benefits to $200 per week.
  As usual, there are other negotiating points, but the unemployment benefit topic remains the key source of discord.
  Few analysts doubt that the U.S. needs to provide additional support to consumers to keep spending at healthy levels. The U.S. economy is dependent on consumer activity so a decline in spending could significantly hurt the recovery.

  According to a recent Reuters report, U.S. President Donald Trump gave Microsoft 45 days to negotiate a deal to buy TikToks U.S. operations. Microsoft has already discussed the potential deal with Trump.
  The U.S. has accused Chinese software companies of sharing data of U.S. citizens with the Chinese government, and TikTok is the first company in Washingtons crosshairs.
  More Chinese companies will soon feel the same pressure as Secretary of State Mike Pompeo promised that Donald Trump would announce new measures to safeguard U.S. citizens data in the upcoming days.
  China stated that it opposed actions against its software companies, and retaliation in some form is almost guaranteed.
  For now, the U.S. stock market completely ignores another increase in U.S. – China tensions as it is focused on upbeat Manufacturing PMI data from Europe and expectations of good Manufacturing PMI data from the U.S.
 


Weekly Focus: USD Outlook Bearish

USD may decline if earnings reports from large-cap companies such as HSBC and Disney put a discount on haven-linked assets.To get more news about WikiFX, you can visit wikifx news official website.
  Meanwhile, Fed rate decision is another factor hindering USD from any gains and forcing stock markets higher. The Fed said at the rate decision for July that it would not let go of the gas pedal in regards to quantitative easing. The notion of an uninterrupted market liquidity from the Fed helped further mitigate fears about credit crisis and inspired market sentiment. By doing so, however, it hammered the demands for haven-linked assets such as USD and amplified the gains of cycle-sensitive assets such as stocks.


  In addition, a series of PMI data out of key supply chain and consumer-oriented economies will start trickling out this week. If these data is better than expected, there may be the trace for economic stabilization, which booms cycle-sensitive assets higher at the expense of haven-linked assets.
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US Stock Market Overview – Stock Rally Led by the Nasdaq

US stocks moved higher on Monday, as traders anticipated a deal between the White House and Congressional Democrats. Most sectors in the S&P 500 index were higher, led by Healthcare. Real-estate bucked the trend. The Nasdaq hit a fresh new record high, led by gains in Microsoft and the Semis. The VIX volatility index hit a fresh 5-month low at 22, before rebounding into the close to settle near 24.40. Apple shares continued to rally climbing nearly 3% on Monday after notching up a 14% gain last week.To get more news about WikiFX, you can visit wikifx news official website.

  Manufacturing in the US accelerated the most in 16-months, which is a forward-looking index. This helped buoy US yields which in turn help the US dollar rebound. The dollar rebounded putting pressure on precious metals, but oil and natural gas rallied helping to buoy the energy space. Natural gas prices surged 16% on Monday on a warm weather forecast. Microsoft confirmed that it would work out a deal to purchase Chinese company TikTok from Byedance. President Trump said that he would want part of the sale to come to the American People. This enraged some businesses in China.


  ISM Manufacturing Accelerates by the Fast Pace in 16-months
  U.S. manufacturing expanded in July at the fastest pace since March 2019. The Institute for Supply Management reported that its manufacturing index rose to 54.2 last month from 52.6. Expectations were for a reading of 53.6. The ISMs measure of production increased in July to 62.1, the highest level since August 2018, and a gauge of orders climbed to 61.5, which was the strongest since September of that year. Customer inventories fell to 41.6 in July, the lowest this year and showing that stockpiles were shrinking at a faster pace. Factory inventories also declined after barely growing a month earlier.
 


WoW Classic Mage Starter Build and Leveling Guide

Mages utilize a wide range of very powerful Frost, Fire, and Arcane Spells in combat and their utility kit is more than impressive. These spellcasters specialize in Crowd Control, AoE Damage dealing and Bursting down their enemies with powerful ability combinations. They can also conjure Food and Drinks, which saves them some valuable Gold in the long run but also turns them into Vending Machines in Raids (Just imagine 39 People asking you for some free Food and Drinks...). To get more news about Buy WoW Classic Items, you can visit lootwowgold news official website.

A mage can pull and kite multiple mobs at a time for a very long time (as long as he has mana pretty much) and finish them off very efficiently with his potent AoE Spells. This ability makes him the best Class for mass mob grinding in both Open World and Dungeons. However, any interference during the Open World kiting or during the mob execution phase, from a hostile Player, will lead to a very swift and premature mage's death. In PvP, Skilled Mage is a true nightmare for any opponent.

The best Frost Mages can make even the most experienced PvPers look very silly. This coin has the other side as well, however. Mage players who do not have the full knowledge about their Class and are not able to capitalize on their abilities and PvP advantages will get obliterated in seconds. This guide will aid you and your Mage on your journey to level 60; it will help you choose a Race, present you with an optimal leveling Talent build, point you towards Dungeons and Quests that award worthwhile Wands, provide some tips & tricks, and more. Each Race has unique traits and abilities, some of which greatly benefit a Mage, other - not so much.

More competitive Players might even want to choose their Faction based on Racial traits of one of its member Races. We will take a closer look at all Races that can choose the path of a Mage and determine which are the best for PvP and PvE.


WoW Classic Leveling Guides and Starter builds for all Classes

WoW Classic is launching on August 27th for everyone with an active subscription. It brings us back to 2006 and World of Warcraft's patch 1.12. With how the game was back then, the leveling was much less casual and effortless, and earning gold wasn't an easy task as it is right now. We have decided to make detailed guides for each of the 9 base classes which will help you reach level 60 in no time and make enough money for the level 40 mount and other initial group/raid expenses. Each of the following builds includes:To get more news about Shadowlands WoW Gold, you can visit lootwowgold news official website.

Leveling in World of Warcraft Classic is completely different from leveling in the current game versions. That is exactly why we have decided to make separate and detailed guides for each class. If you would like to have more information added, feel free to leave your request in the comments below. We may also do Leveling Guides/Starter Builds which utilize alternative Talent Trees, skills and specializations, however, for now, we have decided only to list the builds that will offer the most efficient leveling/farming on the lower levels.


The Best Combat Rogue Build for WoW Classic

Combat Rogue is one of the best DPS Classes in Classic WoW, losing only to Warrior when it comes to pure numbers. His Energy mechanic (in Classic, Rogue gains 20 Energy every 2 seconds) allows him to keep up his DPS even in the longest of encounters, making Sustain not an issue at all. However, in very long fights, Rogue might be forced to reapply his poisons as they have limited charges. This can lead to a slight DPS loss, but it is negligible when compared to a loss caused by running out of resources.

He has access to two solid threat-management tools in a form of Vanish and Feint, so he is able to deal steady damage without any real risk of gaining Bosse's unwanted attention (for as long as he pays attention to his Threat meter, of course). Unlike some other Classes/Specs, Combat Rogue performs at the top level throughout all the content Phases, which makes him a solid DPS choice for any Raid Tier. His Utility, while not the best in Raids, can prove to be irreplaceable in smaller groups or in certain Raid encounters, like suppression room in Blackwing Lair. The only real drawback of Combat Rogue is his popularity. Finding a spot in a decent Raiding guild might be a slight problem, but it can be overcome with a little bit of hard work and dedication because solid and dedicated Raiders are always in high demand.To get more news about WoW Gold Classic, you can visit lootwowgold news official website.

There is only one profession that makes a real impact in Raids and it is Engineering (Alchemy is also a decent option, but you can buy Flasks, Elixirs, and Potions from other players, which makes it much less impactful). It gives you access to powerful explosives that increase your AoE and Single-Target DPS. On top of that, it lets you create and use Gnomish Battle Chicken Trinket that summons a Guardian Chicken that fights at your side and has a chance on hit to cast a "Battle Squawk" which boosts Melee attack speed of all Party members by 5%, making it a must-have in every competitive group. The fact that Engineering is also considered the best PvP profession is an added benefit to its power in PvE environment.


Ctrip Announces Result of 2019 Annual General Meeting

Ctrip.com International, Ltd. (Nasdaq: CTRP), a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged tours and in-destination services, corporate travel management, and other travel-related services ("Ctrip" or the "Company"), today announced that, at its 2019 annual general meeting of shareholders held today, shareholders of the Company adopted the following resolution as a special resolution proposed by the Company:To get more Ctrip news, you can visit shine news official website.

THAT the name of the Company be changed from "Ctrip.com International, Ltd." to "Trip.com Group Limited". The American depositary shares, each representing 0.125 ordinary share, par value US$0.01 per share, of the Company, are expected to begin trading under the new corporate name on November 5, 2019, and the Company's ticker will be changed to "TCOM". Ctrip.com International, Ltd. is a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged tours and in-destination services, corporate travel management, and other travel-related services.

It enables business and leisure travelers to make informed and cost-effective bookings by aggregating comprehensive travel-related information and offering its services through an advanced transaction and service platform consisting of its mobile apps, internet websites, and toll-free, 24-hour customer service centers. The family of travel brands mainly includes: Ctrip, a leading provider of online travel and related services in China; Qunar, a leading online travel agency in China; Trip.com, an online travel agency for global consumers; and Skyscanner, a leading global travel search site. The Company has experienced significant growth since its inception in 1999 and become one of the largest travel service providers in the world.


JD.com’s Ecommerce Sale Was a Big Success

Chinese e-commerce giant JD.com’s secondary listing and annual shopping event this week brought much-welcome news on multiple fronts for China’s tepidly recovering economy.To get more JD.com news, you can visit shine news official website.

JD.com’s “618” shopping extravaganza culminated on June 18, the same day the company made a successful secondary listing in Hong Kong (9618: HK). The company, which turns 22 this month and listed on the Nasdaq (ticker: JD) in 2014, raked in 269.2 billion yuan ($38 billion) in sales, in the first big e-commerce festival since the coronavirus pandemic. This year’s sales eclipsed 2019’s total by more than 33%.

Though China’s slow economic recovery has been hampered by weak retail sales, consumers have continued shopping online. Yet, with estimates of an unemployment rate as high as 20%, observers were curious to see just how deep pocketbooks would be for 618. JD.com on Thursday became only the third large U.S.-listed Chinese firm with a secondary listing in Hong Kong. The first two were rival Alibaba Group Holding (BABA) and gaming leader NetEase (NTES).

JD shares immediately leapt nearly 6% above the IPO price Thursday, settling at close of trade to a 3.5% gain to HK$234 (US$30.19), from an offer price of HK$226. The sale raised $3.9 billion, and may increase, as underwriting banks have the option to expand the deal size by up to 15%. The secondary listing comes amid an impressive bull run for JD’s Nasdaq shares, whose price had increased nearly 125% over the last 17 months. On Friday, Goldman Sachs Group maintained a Buy rating on JD.com’s American Depositary Receipts, and revised its 12-month target price to $71 from $59, based in part on its “retail scale advantage.” JD.com’s shares in New York lost 3.5% to $58.64 on Friday, and the S&P 500 lost 0.6%. Goldman Sachs also initiated coverage on the Hong Kong shares with a Buy rating and a 12-month target price of HK$273. The successful listing is good news for both Hong Kong and mainland China, which is using the former British colony as an enticing market Beijing hopes will host an ongoing homecoming for its overseas-listed tech giants.

China has also recently sought to further bring the financial hub under its control, promising to implement a so-called national security law that will largely erode Hong Kong’s autonomy. So far there is little sign Beijing’s tightened grasp has scared away market entrants or investors. The firms are in part being lured away from New York because of U.S. threats to apply auditing standards on Chinese firms that may be unwilling to open their books, as well as requirements that such companies prove they have no substantial connections with the Chinese government. “JD is hedging for the coming financial war,” Christopher Balding, associate professor at the Fulbright University Vietnam and an expert on the Chinese economy, told Barron’s on Friday.

“If you are a Chinese company and definitely a Chinese company listed in the U.S. and aren’t considering these issues, you are well behind the curve.” Meanwhile, the 618 festival is seen as a clear success for JD.com, if not proof that Chinese consumers are back. However, to get the consumers that it did, JD.com spent some $1.5 billion in discounts for the sales event, the company said. The campaign yielded increasing insight into who buys what, as JD.com has been beefing up technology to be used not only in sales data but also for its expansive services platform.


Belgium Limits Social Contacts to Five as Infection Rate Soars

Belgium enforced tough restrictions on social interactions again as it battles fresh outbreaks of the coronavirus that have multiplied in the past two weeks.To get more news about OlympusFx, you can visit wikifx news official website.
Each household is allowed to have leisurely contact with no more than five other persons for the next four weeks starting Wednesday, Prime Minister Sophie Wilmes said in Brussels. That?s a reduction from 15 per week, which was on an individual basis. The epidemic situation in the city of Antwerp, home to Europe?s second-biggest port, will require ?forceful? action from local authorities, according to Wilmes, who said the restrictions should help the country steer clear from a new lockdown.
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???We?re touching individual liberties. That?s a tough message,? Wilmes told reporters. ?But the virologists tell us a lot of infection clusters are linked to parties, marriages and the like.?
??Belgium has been confronted with a resurgence of the epidemic since mid-July following two months of gradual reopening at a time when the average number of daily infections never dropped below 80. Antwerp, the most populous city of Belgium?s Dutch-speaking northern region of Flanders, has been hit the hardest, with a rate of 108 weekly infections per 100,000 inhabitants. About 17% of Belgium?s 581 municipalities have now crossed the threshold of 20 weekly infections per 100,000 inhabitants set by health officials to signal excessive spread.


Old Mutual to Move Zimbabwe Listing as Currency War Escalates

Old Mutual Ltd. is poised to stop trading its shares on the Zimbabwe Stock Exchange, the latest step in the governments efforts to bring order to its chaotic foreign-exchange market.To get more news about OlympusFx, you can visit wikifx news official website.
The insurer agreed to move its listing to a new bourse in the country that will only deal in foreign currency, three people with direct knowledge of the matter said. The deal came after talks on Monday between representatives of Old Mutual, the Treasury, the Securities and Exchange Commission of Zimbabwe and the ZSE, the people said, asking not to be identified because negotiations were private.
The government of President Emmerson Mnangagwa has blamed a plunge in the local currency on the 175-year-old insurer‘s share price. Companies were using the so-called Old Mutual Implied Rate to determine the forward value for the Zimbabwean currency by using differences in the dollar values of the company’s securities in London, Johannesburg and Harare.
By eradicating the implied rate, the nation‘s ruling party is seeking to end a multitude of exchange rates used by Zimbabweans to navigate the country’s myriad economic challenges. The government last week set new regulations to compel businesses to use a single exchange rate for pricing goods and services in a bid to tame inflation of 737% in a country battling with shortages of everything from food to fuel.

Tabby Tsengiwe, the Johannesburg-based insurer‘s spokeswoman, didn’t respond to a call or a text message seeking comment. Finance Minister Mthuli Ncube didnt respond to calls for comment.
Another meeting is scheduled for next week to resolve administrative issues and discuss the finer details, the people said.
A surge in Old Mutuals Zimbabwe stock -- which like other shares was being used as a hedge against inflation -- widened the gap between its South African and U.K. securities, causing the OMIR to rise to 122. The Zimbabwe dollar has weakened to 72.1470 per U.S. dollar on a foreign-currency auction system that was introduced after a currency peg of 25 was dropped last month.
Terminating Old Mutual‘s listing paves the way for dealing to resume on the Harare-based ZSE -- which was abruptly halted on June 28 -- once Zimbabwe’s Financial Intelligence Unit has completed a probe into trading on the bourse. It is still unclear when the stock exchange in the resort town of Victoria Falls will begin operating.
Old Mutual, which listed on the Zimbabwe Stock Exchange in December 1999, opened its first office in the country in 1902 and offers life, property and casualty cover, asset management, property development and banking services in the country.