Apr.19 — Talks between the U.K. and Europe resume later today via video conference as they try to reach a post-Brexit trade deal in the shadow of the coronavirus pandemic. Bloomberg’s Jodi Schneider reports on “Bloomberg Daybreak: Asia.” …read more […]
U.S. Democrats and Republicans are near agreement on extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said on Sunday.
The Trump administration on Sunday said it would allow importers hit by the national health crisis to defer for three months any tariff payments they owe the government.
Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while U.S. crude prices took an early spill.
Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while U.S. crude prices took an early spill. Japan reported its exports fell almost 12% in March from a year earlier, with shipments to the U.S. down over 16%. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2% in slow early trade, with a pause needed after five straight weeks of gains. …read more […]
(Bloomberg) — Jim McDonald is using all of his four decades of experience in financial markets to navigate the global pandemic’s impact for wealthy and institutional customers at Northern Trust Corp. His main message: be bullish on U.S. stocks.The huge policy response from American authorities and prospects for even more fiscal measures have left McDonald favoring the U.S. over others. For the chief investment strategist at Northern Trust, which manages about $1.2 trillion, this earnings season won’t offer much to investors. What’s more important is understanding how the economy will get back on its feet as restrictions ease, he says. …read more […]
(Bloomberg) — More than a dozen publicly traded companies with revenue of more than $100 million, including Shake Shack Inc., Potbelly Corp. and a Tex-Mex restaurant chain with more than 10,000 employees, received loans through a massive relief program aimed at small businesses.With a $349 billion lending package for small business owners now exhausted, a review of regulatory filings shows that restaurant chains and companies in industries ranging from mining to manufacturing to cruise travel received large amounts, while much smaller businesses like neighborhood eateries and hair salons were locked out.The disclosures could fuel calls for Congress to provide another …read more […]
Apr.19 — President Donald Trump says talks between the White House and Democrats in Congress are near an agreement that would add cash to a program aimed at helping small businesses. He speaks at a White House briefing. (Excerpt) …read more […]
U.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said, despite hopes for a deal on Sunday.
Crude oil futures fell in electronic trading on Sunday evening, with U.S. futures touching levels not seen since November 2001, extending last week’s weakness on the back of sliding demand because of the COVID-19 pandemic that has killed more than 164,000 people worldwide.
(Bloomberg) — Oil extended its slide in Asia, trading at near two-decade lows after agreed cuts by the biggest producers were seen barely making a dent in the demand destruction wrought by Covid-19 and on increasing concerns that traders are quickly running out of room to store crude.Futures in New York dropped as much as 5.5% to the lowest since November 2001, following a 20% slump last week. China reported its first economic contraction in decades on Friday, a sign of how bad things could get in Europe and North America, which have yet to emerge from virus lockdown.Near-term prices …read more […]
Stock futures opened lower Sunday evening, taking a pause after the end of last week’s steep advances. …read more […]
Crude oil futures fell on Sunday evening in CME Group trading, continuing last week’s weakness on the back of sliding demand due to the COVID-19 disease that has killed more than 159,000 worldwide.
The oil market has been under pressure due to a spate of reports on weak fuel consumption and grim forecasts from the Organization of the Petroleum Exporting Countries and the International Energy Agency. OPEC, in conjunction with allies, agreed to cut production by 9.7 million bpd beginning in May to stem a growing supply glut as stay-at-home orders and business furloughs sap fuel demand. The front-month May futures contract was down 4%, or 76 cents, to $17.50 a barrel as of 6:23 p.m. EDT (2223 GMT). …read more […]
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