Trading Ideas
Year: 2020
Business News
Asia shares supported by re-opening of economies; oil, gold jump
Asian shares stepped ahead on Monday and oil prices hit a five-week peak as countries’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession.
Trading Ideas
Ryanair says passenger numbers set to halve
But the airline says it will weather the coronavirus crisis and emerge stronger afterwards. …read more […]
Business News
Oil prices rise more than $1 ahead of June WTI contract expiry
Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of a gradual recovery in demand amid easing coronavirus curbs, with U.S. oil showing no signs of last month’s contract expiry price rout.
Trading Ideas
Equity Markets to Struggle Without a Health Solution, Says State Street
May.18 — April’s rally in stock markets “was a classic case of a bear market rally,” according to Rebecca Chesworth, senior equities strategist at State Street Global Advisors. She speaks on “Bloomberg Markets: European Open.” …read more […]
Trading Ideas
Unpriceable Climate Change Stalks $31 Trillion Debt Market
(Bloomberg) — When English vineyards started producing sparkling wine that aficionados lauded as a rival to Champagne, Jack McIntyre took note.“England was suddenly growing grapes that typically grew in warmer climes,” said McIntyre, a three-decade investment veteran at Philadelphia-based Brandywine Global Investment Management. “No doubt temperatures are rising — how you properly price climate change in rates markets though, I have no answer for yet.”He’s not alone.Across continents, bond investors are struggling to answer what Deutsche Bank AG strategists dubbed “the question of our age” — how much societies are willing to sacrifice in economic growth to counter climate change, …read more […]
Business News
SoftBank in talks to sell down T-Mobile U.S. stake to Deutsche Telekom: WSJ
SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday, citing unidentified sources.
Business News
Total calls off plan to buy Occidental Petroleum’s Ghana asset
Total has called off plans to acquire Occidental Petroleum’s assets in Ghana, the French energy company said on Monday.
Business News
SoftBank posts record $13 billion operating loss as tech bets slide
SoftBank Group Corp on Monday reported a record 1.4 trillion yen ($13 billion) operating loss in the April-March financial year as the value of its tech bets via the $100 billion Vision Fund crumbled.
Business News
Asia shares dragged higher by S&P 500, oil and gold jump
Asian shares were hauled higher by S&P 500 futures on Monday and oil prices hit a five-week peak as countries’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession.
Business News
U.S. mulls paying companies, tax breaks to pull supply chains from China
U.S. lawmakers and officials are crafting proposals to push American companies to move operations or key suppliers out of China that include tax breaks, new rules, and carefully structured subsidies.
Business News
U.S. auto industry to begin reopening plants in recovery from pandemic
The U.S. auto industry is slowly returning to life, with vehicle assembly plants scheduled to reopen on Monday and suppliers gearing up in support as the sector that employs nearly 1 million people seeks to recover from the coronavirus pandemic.
Trading Ideas
Gold jumps to highest since October 2012 on dismal U.S. data; palladium surges
U.S. gold futures gained 0.8% to $1,770.50. “Markets are pricing in that the (economic) recovery is going to be a little slower than previously expected, and that’s probably going to require an environment of lower rates,” said IG Markets analyst Kyle Rodda, adding that Friday’s “really poor” U.S. economic data was the big catalyst. Data out on Friday showed U.S. retail sales and industrial production both plunged in April, putting the economy on track for its deepest contraction since the Great Depression. …read more […]
Business News
Coronavirus widens climate rift between European and U.S. oil majors
Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel demand, according to a Reuters review of company statements and interviews with executives.
Business News
What did eight weeks and $3 trillion buy the U.S. in the fight against coronavirus?
Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind domestic and global markets.