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National debt hits historic $20 trillion mark (news: 12/09/17)

Today's press

  • The U.S. national debt reached $20 trillion for the first time ever last Friday after President Trump signed a bipartisan bill temporarily raising the nation's debt limit for three months.

  • The pound rose to a one-year high against the dollar after U.K. inflation accelerated more than forecast, prompting investors to bring forward expectations for an interest-rate increase by the Bank of England next year.

  • (Reuters) - The S&P opened at a record high on Tuesday as Irma further weakened to a post-tropical cyclone, and ahead of the highly anticipated launch of the new iPhone.

  • The U.K.'s Financial Conduct Authority (FCA) is the latest in a wave of regulators around the globe to issue a formal warning on initial coin offerings (ICOs).

  •  (Reuters) - Norway's sovereign wealth fund, the world's largest, totalled $1 trillion for the first time on Tuesday as booming global stock markets and a rising euro lifted the value of its assets.

  • When it comes to the cryptocurrency and blockchain worlds, few figures draw as much rapt attention as Vitalik Buterin. The founder of ethereum, the second-largest cryptocurrency by market capitalization and the revolutionary platform which has allowed for initial coin offerings (ICO) to dominate over the past year, commands a great deal of respect among industry followers, so much so that false reports of his death prompted major plunges in the digital currency marketplace. Now, Buterin has words of warning for investors in the ICO area: he suggests that ICOs are a bubble waiting to pop, and that the current trend of largescale token sales is not sustainable.

Next trading day's important events

Forex quotes:

  • USDJPY: 109.88
  • EURUSD: 1.1955

Indices:

  • S&P 500: 2492.26
  • NASDAQ: 6436.57

 

Attention:

Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.

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