80% of US companies with better-than-expected results

About 80 percent of the S&P 500 companies reported better-than-expected results for the first quarter of the year. Still, the index has fallen by 1.2 percent for the year to March, after investors are increasingly beginning to fear an upcoming recession for the US economy.
Volatility index VIX rose to 37 points, momentarily in February, after the sharp decline in the indexes in the second month of the year.
And although the broad US index has seen an increase or a decline of more than 1% only eight times in the past year, in 2018, movements over that figure were already registered for 35 days.
This poses the question to investors whether the 2019th year will end the second longest bullish market.
The US economy posted an increase of 2.2% in the first three months of this year, with inflation at the current US level.

SEC: The bitcoin and the ethereum are not securities

Whether the bitcoin and the ethereum are securities? One of the biggest questions in the crypto markets. Well, it already has a response from SEC officials.
At the San Francisco crypto conference yesterday, SEC Finance Director General William Hinman said the commission would not classify the ethereum or the bitcoin as securities.
This corresponds to recent comments by JJ Clayton, the head of the SEC, that the bitcoin and other cryptocurrencies are not classified under the definition of "security" and no changes will be made to that definition to be included.
Clayton also said that digital tokens are securities, but cryptocurrencies are not.

The ECB ends with incentives at the end of the year, the euro collapses

The ECB was fully expected to keep its short-term interest rates unchanged. What the bank surprised, however, from its meeting in Riga, was postponing the end of the bond repurchase program.
The bank hinted that "quantitative easing" or incentives would only end at the end of the year. The majority of market participants were counting on ending the stimulus in October or at the latest in November.
The European Central Bank will continue to buy eurobonds for €30 billion a month until September, as previously planned.
From next October, however, purchases are expected to be halved - up to 15 billion euros, but on the assumption that economic data confirms the 2% inflation forecast by the financial institution.
Overall, the results of the Bank's meeting were accepted by market participants as too weakly aggressive, not meeting market expectations before. Investors reacted violently by selling the euro against the dollar. The single currency fell to trading levels at about 1.1630 late at night, or about 2% below its price yesterday.

Trump: OPEC is guilty of high oil prices

US President Donald Trump has made another accusation. This time, he blamed OPEC for high oil and fuel prices. And no doubt, most Americans probably think the same way.
Oil has risen more than twice since the beginning of 2016, after reaching levels of less than $30 at that time. And to date, US consumers are facing the highest fuel prices at petrol stations in 2014.
On Wednesday, the price of a gallon of normal fuel was at an average of 2.91 dollars, or an increase of 25%, a year earlier, according to AAA data.
The price of oil is too high, OPEC is behind that. It's not good, tweeted Donald Trump on Wednesday morning.

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Bad news from Germany continue

Bad news related to the German economy just can not stop. The latter were related to industrial production and went out today. Industrial production in Europe's largest economy has seen a surprise decline in April.
Against the backdrop of the projected 0.3% rise, the indicator fell 1%.
These figures, coupled with the downgrade in factory orders in Germany earlier this week, indicate the potential problems the German economy may face.
Industrial production in the second largest European economy - the French one - also fell in April.
The euro fell after bad data from Germany and France, losing 0.2% of its value to 1.1772 against the dollar. Yesterday the single currency traded at levels above the psychological limit of 1.1800.
Other data from the eurozone also indicate a slowdown in the growth of the European economy. This may well be a factor in the ECB's next week's decision and postpone the announcement of the end-of-term of incentives from the European Central Bank.

The Fed will most likely raise interest rates despite emerging markets

Emerging markets, which are facing serious difficulties because of the Fed's interest rate increase, are not expected to gain sympathy from the federal reserve.
Developing countries' currencies were severely affected by sales due to investors' fears that their economies would not cope with higher US interest rates. This has prompted the central banks of India and Indonesia to call the Fed for careful action while Brazil warned of challenging times.
However, there are not many signs that the problems of emerging markets will change the policy of the Fed. Analysts are expecting at least two more interest rises this year, except for almost full-rate interest rates next week.

Nasdaq Composite with a new historic record on Monday

The Nasdaq Composite tech index rose yesterday to levels above its highest historic closing. The benchmark was traded at 7,600 points or above its highest closing level of 7,588.32 points.
It should be borne in mind that the highest value reached in the index was momentary at 7 637.27 points on March 13 this year.
The rise in the technology index, as well as the other US indices, has become a reality in a context of lowering political tensions in Europe and declining the dollar.
The Dow Jones Industrial Average rose 174.7 points, or 0.71 percent to 24,809.91 points, while the S&P 500 added only 8.01 points, or 0.29 percent to 2,742.63 points.
The MSCI Global Monetary Index rose 0.54%. European indexes added 0.22% to their value.

Poloniex stopped trading and withdrawals until customers updated their information

The Poloniex LLC Cryptocurrency Exchange stopped the trade and withdrawals until its customers upload new documents required for account verification.
This has led to serious concerns among a large number of Boston-based cryptocurrency customers that they will not be able to withdraw their funds.
In a tweet in the social network, the cryptographic exchange owned by Goldman Sachs said that the funds will be secure and available at any time after filling in the required documents for accounts verification, Bloomberg writes.
This, however, did not completely reassure all customers who asked what would happen to the funds of those who failed to verify themselves?
In a post on May 27, in their website, Poloniex said that as all registered businesses operating with funds, Poloniex are subject to regulation and must abide by the laws.

223,000 new jobs in the US and unemployment of 3.8%

Employment data in the world's largest economy proved to be well above the average expectations of analysts. 223,000 new jobs were reported by the Ministry of Labor at an unemployment rate of 3.8%.
This was the lowest level of pre-crisis unemployment.
The result exceeded the analysts' average expectations of a 3.9% unemployment rate and 190,000 new jobs.
Better than expected was the rise in US workers' pay. Wage growth was 0.3% per month and 2.7% yoy.
The average hourly wage was expected to be 0.2% per month and 2.6% on an annual basis.
The rise in pay is perfectly logical, given the low unemployment rate and the accelerated pace of job growth, according to market observers.