26.02.2018 - new trading week brought strength to Asian equities and new challenges for the greenback

Last week of 2018 winter is proving to be kind to the Asian equities and stocks. As news of the financial world begins to emerge, there is new information on the Weinstein Co. film production company and new flagman from Samsung. 

Last week of 2018 winter is proving to be kind to the Asian equities and stocks. As news of the financial world begins to emerge, there is new information on the Weinstein Co. film production company and new flagman from Samsung. 

50% of crypto market was left in 2017.

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The rise of Bitcoin in the end of 2017 has spawned the boom of new cryptos emerging. And, while Bitcoin has assumed the role of market index, most of the new cryptos were rising with it. And, with the fall of Bitcoin by as much as three times a lot of the demand for new cryptos declined.

Tokendata says, that almost 46% of the cryptos failed. 142 coins weren’t sufficiently financed, 276 appeared to be a scam or simply faded. This info regards only the coins that were actually issued. 113 ICO, issued in 2017 were a failure.

And it is enough to just be the market spectator to understand – such a result was inescapable. Although the popularity of ICO didn’t fall back in 2018. A lot of companies started playing a long-term game, counting the perspective of certain assets.

Samsung showed off new flagman.

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Samsung has issued a new smartphone model – Galaxy S9. The company didn’t follow the example of Apple and Microsoft and didn’t skip the “9” model and, it might just be the recipe for success,

While iPhone 8 and X (10) were not accepted perfectly, there is hope that the story will be different for the Korean conglomerate. It is crucially important right now for Samsung to make a statement for all the Apple fans – they are not simply just as good as Apple, they are better, And, although hundreds of millions of Android users around the world do not need any confirmation of Samsung’s superiority, there are sceptics.

New features were shown off in a Galaxy S9 and S9 Plus presentation. Official issue of a new model is scheduled for March.

Weinstein Co. to file for bankruptcy.

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Weinstein film studio has been suffering for several months now, as its co-owner and co-founder Harvey Weinstein faced the consequences of his own action. Several dozens of women have come forward and accused Weinstein of sexual misconduct over the whole course of his Hollywood career.

A lot of famous actresses have said that Harvey was cruel, abusive and used his position of “man in power” to go as far as even rape women in the industry. And, of course, such accusations didn’t reflect good on the family business, which a Weinstein film production company, that has produced dozens of films which are known and loved around the globe.

When the board of the company failed to sale Weinstein Co. to the group of investors, headed by Maria Contreras-Sweet, it was decided to file for bankruptcy in order to save company’s assets from the problems. Although the board hoped that the problems would end with Weinstein’s resignation, that wasn’t really the case and it seems that the company will not be able to survive the scandal.

Weinstein’s story had inspired a lot of women to come out with sexual misconduct accusations and #metoo and #timesup movements were inspired. A lot of powerful men were accused, and their careers were ruined.

Stocks, currencies and crude overview.

King World News What Is Happening In Gold Bonds An

Last week was especially good for 10-year Treasuries yield and dollar. As the greenback was going up, other currencies, like euro and yen were pushed down. But as the new trading week and the last week of winter are beginning, there are new numbers on the table, and dollar might not like them.

Dollar’s index against the basket of six major currencies has fallen down right at the start of the new week. – 0.2 percent loss.

In their turn, Asian stocks and Indexes are gaining price. MSCI Asia Pacific and Topix Indexes both have grew by 0.8 percent.

Hong Kong’s Hang Seng rose 0.7 percent.

Futures on S&P 500 went up by 0.1 percent.

Yen is declaring its weight by having grown 0.3 percent to the point of exchange 106.54 yen per dollar.

10-year Treasuries yield fell to 2.86 percent – by one basis point.

WTI is looking much better - $63.67 per barrel.

Gold rose 0.8 percent - $1.339.62 per barrel.

Price for silver is $16.724.

 

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