Based on the trend of the market over the past two weeks, the $50,000 price target for BTC of many large investors and experts seem highly unlikely. In essence, $50,000 and $60,000 BTC price targets by the end of 2018 are based on an assumption that a significant change can be made on the regulatory side of the cryptocurrency sector that can enable various publicly tradable instruments like bitcoin exchange-traded funds (ETFs).

 

Asian markets opened stronger today with India's S&P BSE Sensex closing at a record high led by a rally in Reliance Industries. Whether the Asian surge will have any impact on Kyiv, Warsaw and London trading of Ukraine stocks today remains to be seen.

Once a bitcoin ETF gets approved, an influx of new capital from retail investors in the traditional finance market will arrive in the cryptocurrency sector, pushing the value and the volume of major digital assets. 

 

Commodity Cues

  • West Texas Intermediate crude was at $70.57 a barrel after its 5 percent slide.
  • Brent crude traded 1.4 percent higher at $74.41 a barrel.
  • Gold was up 0.1 percent to $1,242.95 an ounce after slipping 1.1 percent.

From the point of view of Russian law and the declarations of Vladimir Putin, Russian courts have declared that the Jehovah’s Witnesses’ Bible is an extremist document. The only way that they could do so under Russian law was to find that it wasn’t the Bible but rather “’a brochure in a gray cover.’”

 

In the damning report, Europe is given the dubious distinction of being the “second largest plastics producer in the world, after China, dumping 150,000-500,000 tonnes of macroplastics and 70,000-130,000 tonnes of micro-plastics in the sea every year.”

 

Photo: Plastic waste at Juhu beach in Mumbai, India. AFP PIC

 

UBO: Anyone with the most basic knowledge of 20th century history is familiar with the situation in which UK Prime Minister Neville Chamberlain went to Munich for meetings with Hitler in September 1938. After that meeting, Chamberlain returned to London waving an agreement with Hitler and blathering on about “peace in our time.” However, it rapidly became clear that the agreement was meaningless, a gossamer veil over a deal in which Chamberlain had thrown Czechoslovakia under the bus. This was not the cause of World War II but certainly was an important signpost on that road. Observing recent developments, it is impossible to avoid comparing what happened in September 1938 and what we may see the next few days, different only in venue and players. We believe it is possible – even probable – that the Trump-Putin Helsinki summit will reach a similar outcome, with Ukraine being thrown under the bus after which Trump will return to Washington, crowing about some great success while Ukraine is left to soldier on with only itself and some European neighbors for support. We sincerely hope we’re wrong but the results of the recent Trump-Kim tour-de-farce in Singapore gives no one much hope for a better Helsinki outcome.

 

Stocks

  • Futures on the S&P 500 were down 0.8 percent as of 8:08 a.m. in London after dropping as much as 1.1 percent earlier.
  • The SToxx Europe 600 Index retreated 0.8 percent.
  • The U.K.’s FTSE 100 declined 0.9 percent.
  • Japan’s Topix index dropped 0.8 percent.
  • Hong Kong’s Hang Seng fell 1.6 percent and the Shanghai Composite lost 1.8 percent.
  • South Korea’s Kospi dropped 0.6 percent.

 

The exercise was designed to analyse potential risks before Minsk 2019. 

 

UBO: Ukraine had its problems with inflation back in the early to mid-1990s. But what Ukraine suffered was at its worst not anything near what Venezuelans are experiencing today.

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