Trading Ideas

(Bloomberg) — Some oil from China’s swelling storage tanks is finding its way back into the international market as traders jump at the opportunity to source cheap crude for resale to regional refiners.The shipments in question, so far just 1 million barrels, have been procured by trading houses via the Shanghai futures exchange, and loaded from the bourse’s numerous storage tanks that dot the country’s eastern coast. From these Chinese ports, the cargoes were then shipped to international buyers who would have otherwise sourced such supplies from producers across the Middle East and Africa.While China will never compete with the …read more […]

Jul.19 — European Union efforts to agree on a 750 billion-euro stimulus package ran into trouble late Sunday as leaders were unable to reconcile differences over how much of the recovery fund should be distributed through grants versus low-interest loans. Bloomberg’s Kathleen Hays reports on “Bloomberg Daybreak: Asia.” …read more […]

(Bloomberg) — Global real estate investment fell by 33% in the first half as the coronavirus pandemic battered economies and disrupted deals.The Asia-Pacific region took the biggest hit, with volumes down 45% from the year-earlier period, because it was the first struck by the outbreak, according to a report from broker Savills Plc. Investment dropped by 36% in the Americas and 19% in Europe, the Middle East and Africa.With the tourism industry shut down for months by government lockdowns, hotels saw investment decline by 59% in the first half of the year, followed by a 41% drop for retail properties, …read more […]

Stock futures opened higher Sunday evening as investors looked ahead to a packed week of earnings, stimulus talks and congressional testimony from Covid-19 vaccine developers. …read more […]

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(Bloomberg Opinion) — As the coronavirus pandemic continues, Bloomberg Opinion will be running a series of features by our columnists that consider the long-term consequences of the crisis. This column is part of a package on the future of transportation. Last month, my wife and I planned our first holiday in six months. It was a hectic experience. Borders between most Australian states had been closed since the start of the coronavirus lockdown. We’d been hoping to fly three hours to the tropical resort town of Cairns in northeastern Queensland state, to escape the Sydney winter and holiday with friends.Within …read more […]

(Bloomberg) — Stocks looked set for a mixed start to the week ahead of a ramp up in the earnings season. The euro edged lower as EU leaders failed to reach an agreement on a recovery package over the weekend.Futures dipped in Japan, and contracts were little changed in Hong Kong and Australia. The S&P 500 ended higher on Friday, rounding out a third week of gains. The euro was modestly lower in early trading after leaders of Germany and France walked out of a meeting with Dutch Prime Minister Mark Rutte following a dispute over details of the package.On …read more […]

(Bloomberg) — The euro opened the week on the backfoot after negotiations over the European Union’s shared debt recovery plan continued to drag on.EU leaders have yet to agree terms on a deal that would offer 700 billion euros ($800 billion) to countries most impacted by the coronavirus, after talks ran into a third day. Though expectations for an agreement over the weekend were fairly low, the delay keeps open the prospect of the plan being watered down.The euro fell as much as 0.2% against the dollar to $1.1408 in early Sydney trade on Monday. The greenback also strengthened against …read more […]

Journal Editorial Report: The week’s best and worst from Kim Strassel, Holman Jenkins and Dan Henninger. Images: AFP/Getty Images Composite: Mark Kelly …read more […]

Biotech stocks advanced in the week ended July 17 thanks to positive broader market sentiment, encouraging news flow on the COVID-19 front and fairly positive results reported by pharma giant Johnson & Johnson (NYSE: JNJ).Equillium Inc (NASDAQ: EQ) was among the biggest gainers of the week after a drug that it licensed from Biocon was granted emergency use authorization in India for treating cytokine release syndrome in COVID-19 patients with moderate to severe acute respiratory distress syndrome.Moderna Inc (NASDAQ: MRNA) advanced in all five sessions of the week, with detailed interim Phase 1 data publication, positive sell-side commentary and news …read more […]

Journal Editorial Report: Paul Gigot interviews Michael Pillsbury. Image: Anthony Kwan/Getty Images …read more […]

Journal Editorial Report: The tensions over reopening in the fall. Image: Octavio Jones/Getty Images …read more […]

Shares of Nikola Corporation (NASDAQ: NKLA) traded sharply lower Friday afternoon as the SEC released news of Nikola offering 23,890,000 common shares.The company’s shares were already down almost 20% on the month before news of the offering hit. > “This prospectus relates to the issuance by us of up to an aggregate of up to 23,890,000 shares of our common stock, $0.0001 par value per share (“Common Stock”), which consists of (i) up to 890,000 shares of Common Stock that are issuable upon the exercise of 890,000 warrants (the “Private Warrants”) originally issued in a private placement in connection with …read more […]

Welcome to another edition of my weekly review of dividend increases. I follow this process in order to monitor existing dividend holdings. It is helpful to see if my investments continue growing their dividends, and if my original investment thesis is working. I also find this process helpful, in order to identify companies for further research. WBA Riased […] …read more […]

The gold price remains above $1,800 an ounce, but where it will go next depends on what type of economic recovery we see. Many are expecting a V-shaped recovery. However, the resurgence in coronavirus cases in the U.S. suggests we could see a U-shaped or W-shaped economic recovery, which would impact gold prices. Gold outperformed while equities […] …read more […]