No Picture
Trading Ideas

Netanyahu Says He Will ‘Make History’ With Trump in U.S. Visit

Jan.27 — Israeli Prime Minister Benjamin Netanyahu says he will make history with President Trump in a visit to Washington this week when the U.S. leader is slated to present him with his long-awaited peace plan. Bloomberg’s Ivan Levingston reports on “Bloomberg Daybreak: Middle East.” …read more […]

No Picture
Trading Ideas

Riding high: Filipino Margielyn Didal takes street skateboarding world by storm

Margielyn Didal from the Philippines has ridden from poverty to sudden fame after winning gold medals in street skateboarding at the 2018 Asian Games and 2019 Southeast Asian Games. Now the 20-year-old has set her sights on qualifying for the 2020 Tokyo Olympics, training overseas at skateparks in Los Angeles, Rio and Hong Kong. Named by Time Magazine as one of the world’s most influential teens of 2018, Didal dreams of building a skateboarding park and coaching clinic to help underprivileged… …read more […]

No Picture
Trading Ideas

Gold climbs to two-week high as virus fears spark safety buying

U.S. gold futures climbed 0.4% to $1,578.30. Asian stocks slipped as the coronavirus killed 80 people and infected more than 2,000 in China, with residents of Hubei province, where the disease originated, banned from entering Hong Kong amid global efforts to halt the rapid spread. Investors are “looking out for the new risk (coronavirus) coming into the markets and running for the exits in equity markets, that’s the cause for gold to move higher,” Stephen Innes, chief market strategist at AxiCorp, said. …read more […]

No Picture
Trading Ideas

Oil prices skid 2%, extending slide as China virus spreads

Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia’s energy minister sought to calm the market. Brent crude fell by $1.12 a barrel, or 1.9%, to $59.57 by 0113 GMT, having earlier dropped to $58.68, the lowest since late October. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud said on Monday he was watching developments closely in China and said he felt confident that the new virus would be contained. …read more […]

No Picture
Trading Ideas

Global Markets: Shares, oil slide as China virus fears intensify; yen, Treasuries in demand

Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan’s Nikkei average suffered a steep 1.8% loss, on track for the biggest one-day fall in three weeks. U.S. S&P 500 mini futures was last down 0.9%, having fallen 1.3% in early Asian trade. …read more […]

No Picture
Trading Ideas

Oil prices skid 2%, extending slide as China virus spreads

Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia’s energy minister sought to calm the market. Brent crude fell by $1.12 a barrel, or 1.9%, to $59.57 by 0113 GMT, having earlier dropped to $58.68, the lowest since late October. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud said on Monday he was watching developments closely in China and said he felt confident that the new virus would be contained. …read more […]

No Picture
Trading Ideas

Gold Extends Surge as Virus Spread Spurs Rush to Haven Assets

(Bloomberg) — Gold jumped as the spread of the coronavirus globally spurred demand for haven assets.Prices rose as much as 1.1% as risk-off sentiment swept markets, with equities tumbling and Treasures gaining. In the latest effort to contain the virus, China extended the week-long Lunar New Year holiday and banned all outgoing overseas group tours to avoid having travelers contribute to its spread.President Xi Jinping’s government is under pressure to combat a virus that shows little sign of slowing down, with more than a dozen countries and territories reporting the illness within their borders. While the return of risk aversion …read more […]

No Picture
Trading Ideas

Oil Tumbles on Virus Fear While Saudis See ‘Very Limited’ Impact

(Bloomberg) — Oil tumbled as the market opened in Asia on fears China’s deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation.Futures in London and New York plunged more than 3% in early trading as the death toll from the outbreak in China rose and as officials extended the Lunar New Year holiday to help stem the spread of the outbreak. While Goldman Sachs Group Inc. predicted last week that global oil demand may take a hit, Saudi Arabia said it believes the crisis so far will have a “very limited impact” …read more […]