Oct.04 — Avonhurst partner and head of global political strategy Tina Fordham, discusses Trump’s health after contracting COVID-19, and its impact on the markets and poles. She speaks with Shery Ahn and Haidii Stroud-Watts on “Bloomberg Daybreak: Asia.” …read more […]
(Bloomberg) — Saudi Arabia’s Finance Ministry is budgeting for oil prices to be around $50 a barrel for the next three years, according to a Goldman Sachs Group Inc. analysis of the kingdom’s fiscal plans.“Using our own estimates for the breakdown of government revenues, we calculate that the numbers presented in the budget statement are based on an average oil price of around $50 a barrel between 2020 and 2023,” said Farouk Soussa, a London-based analyst at Goldman, referring to a pre-budget statement from Sept. 30.Brent crude fell 6.3% to $39.27 a barrel last week as more countries tightened restrictions …read more […]
U.S. stock futures rose on Monday on hopes that President Donald Trump could be discharged from hospital later in the day, easing some of the political uncertainty that shook Wall Street in the previous session. Trump, 74, was flown to hospital for treatment for the coronavirus on Friday, but his doctors say he has responded well and could return to the White House on Monday. S&P 500 e-mini futures rose 0.45% in early Asian trading, while Nasdaq futures gained 0.58%. …read more […]
President Trump waved to supporters outside Walter Reed National Military Medical Center during an unscheduled drive-by in his motorcade on Sunday afternoon. Trump appeared briefly after posting a video on Twitter and later returned to the hospital. Photo: Alex Edelman/AFP via Getty Images …read more […]
Stock futures rise on optimistic reports about Trump’s COVID-19 battle. …read more […]
U.S. stock futures rose on Monday on hopes that President Donald Trump could be discharged from hospital later in the day, easing some of the political uncertainty that shook Wall Street in the previous session. Trump, 74, was flown to hospital for treatment for the coronavirus on Friday, but his doctors say he has responded well and could return to the White House on Monday. S&P 500 e-mini futures rose 0.45% in early Asian trading, while Nasdaq futures gained 0.58%. …read more […]
Romi Savova is the founder and chief executive of pension firm PensionBee. …read more […]
The revelation late last week that President Donald Trump had tested positive for Covid-19 amplified the already heightened uncertainty around the election, prospects for further fiscal stimulus and progress of the pandemic situation in the US. Markets on Friday reeled in response, with the three major indices tumbling at the end of last week before paring losses to close off of their session lows. …read more […]
(Bloomberg) — The U.S. government has taken an equity stake in a battery-metals company in a move that undercuts dependence on China for a key material used in electric vehicles.TechMet Ltd. received a $25 million investment from the U.S. International Development Finance Corporation to help develop a Brazilian nickel and cobalt mine, the Dublin-based company said Monday in a statement. Cobalt is an important ingredient in cathodes of most electric-vehicle batteries and its refining capacity is largely under China’s control.“Investments in critical materials for advanced technology support development and advance U.S. foreign policy,” Adam Boehler, chief executive officer of the …read more […]
Oct.04 — President Donald Trump briefly left the Walter Reed National Military Medical Center in a car to greet supporters gathered outside Sunday afternoon. …read more […]
(Bloomberg) — Volatility eased in U.S. equity futures as optimism over President Donald Trump’s medical prognosis and hopes for fresh economic stimulus put a brake on selling that whipped up Friday.Dip buyers showed up at the 6 p.m. New York open, bidding up December contracts after Trump’s doctors insisted he’s doing well and could be discharged as soon as Monday. Markets fell on Friday after Trump’s diagnosis. They remained up for the week as some traders speculated the president’s illness raised the odds for aid to the economy from Congress and data showed job gains slowed in September and many …read more […]
(Bloomberg) — U.S. and Asian stocks looked set for gains Monday as traders reacted to the possibility President Donald Trump may be able to leave hospital as soon as Monday. The yen retreated.Futures pointed higher in Japan and Australia, where markets are open though volumes are expected to be low because of a holiday. S&P 500 contracts climbed after U.S. stocks finished lower on Friday in a volatile day for global financial markets. Crude oil ticked higher after Friday’s slump. The pound fluctuated following a weekend call between U.K. Prime Minister Boris Johnson and European Commission President Ursula von der …read more […]
(Bloomberg Opinion) — Losses in the main U.S. stock indexes on Friday will go down in history simply as small ones in an otherwise choppy week. But assessed in more detail, they provide a remarkable example of the intense tug-of-war that now grips markets and will most likely persist, if not intensify, in the weeks ahead.Two news developments dominated the run-up to the U.S. market open on Friday.First and foremost was the middle-of-the-night tweet from President Donald Trump confirming that he and his wife had tested positive for Covid-19. The immediate reaction in the futures market included an indication of …read more […]
Transport for London said the firm made more than 1,000 trips made by unlicensed drivers. …read more […]
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