Trading Ideas
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Trading Ideas
Oil jumps as Iran rocket strike on U.S. forces jolts markets
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the spectre of a spiralling conflict and disrupted oil supplies. Iran’s missile attack on U.S.-led forces in Iraq came early on Wednesday, hours after the funeral of Qassem Soleimani, the commander of the country’s elite Quds Force killed in a U.S. drone stroke on Jan. 3. Tehran fired more than a dozen ballistic missiles from Iranian territory against at least two Iraqi military bases hosting U.S.-led coalition …read more […]
Business News
Oil jumps as Iran rocket strike on U.S. forces jolts markets
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the specter of a spiraling conflict and disrupted oil supplies.
Business News
U.S. FAA bans airlines from flying over Iraq, Iran after missile attack on U.S. troops
The U.S. Federal Aviation Administration said it would ban U.S. carriers from operating in the airspace over Iraq, Iran, the Gulf of Oman and the waters between Iran and Saudi Arabia after Iran launched a missile attack on U.S.-led forces in Iraq.
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Treasury Yield Seen Falling to 1.50% as Rockets Spur Haven Rush
(Bloomberg) — Treasury 10-year yields may drop as low as 1.50% as Iran’s rocket attacks against U.S. bases threaten to ignite a wider Middle-East conflict, money managers say.Benchmark U.S. yields are poised to extend declines as investors scramble to revise plans for the year following news of Iran’s retaliation, said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. The Federal Reserve is now more likely to cut interest rates, further supporting bonds, said Akira Takei, a global fixed-income fund manager at Asset Management One Co.“Iran has replaced the trade war as the biggest risk to markets,” Sydney-based …read more […]
Business News
Stocks tumble, gold and crude soar after Iran strike on U.S. forces
Asian shares and U.S. treasury yields tumbled on Wednesday, while the yen, gold and oil shot higher after Iran fired rockets at Iraqi airbases hosting U.S. military forces, stoking fears of a wider conflict in the Middle East.
Business News
U.S. FAA says “closely monitoring” aviation safety in Middle East after missile attack
The U.S. Federal Aviation Administration (FAA) said it was closely monitoring events in the Middle East and coordinating with U.S. airlines and foreign authorities about aviation safety after Iran launched a missile attack on U.S.-led forces in Iraq.
Business News
Asian shares slump; gold, oil soar after Iran strike on U.S. forces
Asian shares and U.S. treasury yields plunged on Wednesday, while gold and oil shot higher after Iran fired rockets at an Iraqi airbase that hosts U.S. military forces, stoking fears of further sharp escalations in a developing conflict.
Business News
Alibaba undercuts Amazon in Europe to woo wary brands
After years of reconnaissance, China’s retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers’ fees to attract vendors but has had mixed results, six sources with direct knowledge of the matter said.
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Dow futures plunge 400 points after Iran fires missiles at Iraqi air base housing US troops
Stock futures tumbled and oil prices jumped Tuesday evening after Iran fired more than a dozen missiles at U.S. troops in Iraq. …read more […]
Trading Ideas
Alibaba undercuts Amazon in Europe to woo wary brands
MADRID/HANGZHOU, China (Reuters) – After years of reconnaissance, China’s retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers’ fees to attract vendors but has had mixed results, six sources with direct knowledge of the matter said. A flood of small businesses have joined its European platform, AliExpress, in recent months but some larger brands are holding back, according to the sources. …read more […]
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Iran Retaliates Against U.S. in Rocket Attack on Two Iraqi Bases
(Bloomberg) — Follow Bloomberg on Telegram for all the investment news and analysis you need.Iran fired a series of rockets at two U.S.-Iraqi airbases early Wednesday morning Baghdad time, the Pentagon said, in the first Iranian response to the killing of General Qassem Soleimani by American forces last week.The Islamic Revolutionary Guard Corps earlier claimed responsibility for the barrage, which the Pentagon said was launched from Iran and targeted the Ayn al-Asad base in western Iraq and another facility in Erbil. It wasn’t immediately clear whether there were casualties or major damage from the attacks.“We are aware of the reports …read more […]
Business News
Oil surges after Iran attacks U.S. forces in Iraq, WTI at around $65
Oil rose sharply, with U.S. crude rising nearly $3, on Wednesday after the U.S. said its forces in Iraq were attacked by Iranian ballistic missiles, raising the prospect of a regional conflagration that could cut oil supplies.
Business News
Democratic lawmaker presses antitrust enforcers on company ties, settlements
The chair of the U.S. House of Representatives antitrust subcommittee pressed top regulators on Tuesday over merger decisions, including the Justice Department’s approval of T-Mobile US Inc’s proposed purchase of Sprint Corp .
Business News
Samsung Electronics flags smaller-than-expected profit fall as chip market bottoms out
Samsung Electronics Co Ltd on Wednesday flagged a smaller-than-expected fall in quarterly operating profit, indicating that memory chip prices bottomed out quicker than analysts had anticipated, strengthening hopes of a recovery.