Trading Ideas

LATAM is the latest corporate victim of the coronavirus pandemic that has brought a virtual halt to air travel, joining Colombia’s Avianca Holdings SA and Australia’s Virgin Australia Holdings Ltd in bankruptcy protection as it seeks to restructure its debt. “We have implemented a series of difficult measures to mitigate the impact of this unprecedented industry disruption, but ultimately this path represents the best option,” LATAM Chief Executive Officer Roberto Alvo said in a statement. …read more […]

U.S. leisure travelers often buy airfare months ahead of departure, betting they can score a deal with shrewd advance planning. But in these atypical times, that may not be the best strategy — provided they want to fly what they bought. That’s because many airlines have not yet decided what they’re going to fly more […] …read more […]

May.26 — Richard Gu, partner at law firm Linklaters Zhao Sheng, looks at how are the coronavirus outbreak and the political tensions with the U.S. affecting deals involving Chinese businesses. He speaks with Tom Mackenzie and Yvonne Man on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg) — U.S. stock-index futures extended gains in Asia as investors weighed the prospects of economies reopening with simmering trade tensions between Washington and Beijing.Contracts on the S&P 500 rose to 3,000.50, the highest since March 6, as of 1:04 p.m. in Tokyo, adding to gains during overnight trading from their closing level of 2,953.00 on May 22. The underlying S&P 500 closed at 2,955.45 on Friday. U.S. financial markets were shut Monday for Memorial Day.“It’s the grand re-opening that matters, with the S&P 500 within earshot of the psychologically fundamental 3,000 mark,” Stephen Innes, chief global markets strategist at …read more […]

(Bloomberg) — Asian stocks climbed with U.S. and European futures Tuesday despite escalating geopolitical risks, with Japan leading gains as the world’s third-largest economy reopened.Treasuries dipped in early trading after the three-day U.S. weekend, while the dollar retreated. Futures on the S&P 500 were up on Friday’s close, suggesting a positive open on Wall Street. Shares rose in Tokyo, Sydney and Seoul, while Hong Kong stocks also pushed higher, showing signs of stabilizing after weekend unrest. Shanghai saw more modest gains. Crude oil advanced past $34 a barrel in New York.Tensions between Washington and Beijing remain in focus with China …read more […]

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(Bloomberg) — Latam Airlines Group SA, Latin America’s largest air carrier, sought bankruptcy court protection in New York after the Covid-19 pandemic grounded flights across the region.The Chapter 11 petition allows Latam to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. Latam, whose shareholders include Chile’s Cueto family and Delta Air Lines Inc., continues to operate on a reduced schedule, and it has commitments for a bankruptcy loan of up to $900 million.The money is coming from shareholders including the Cuetos, the Amaro family and Qatar Airways, according to a …read more […]

May.25 — Ken Peng, Asia Pacific investment strategist at Citi Private Bank, talks about the state of the region’s markets, the implications of the political tensions between the U.S. and China, and the opportunities he sees. He speaks with Yvonne Man and Tom Mackenzie on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg) — The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.Lasertec Corp. is the world’s only maker of testing machines required to verify chip designs for the nascent extreme ultraviolet lithography (or EUV) method of chipmaking. In 2017, Lasertec solved a key piece of the EUV puzzle when it created a machine that can inspect blank EUV masks for …read more […]

Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world. U.S. West Texas Intermediate (WTI) crude futures gained 2.3%, or 75 cents, to $34.00 as of 0057 GMT. Brent crude futures inched up 0.7%, or 23 cents to $35.76, adding to a 1.1% gain on Monday in thin holiday trading. …read more […]

May.25 — Emily Lau, former chairperson of Hong Kong’s Democratic Party and the first woman directly elected to the Legislative Council in 1991, discusses China’s plans to impose a sweeping national security law. She speaks with David Ingles and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.” …read more […]

Japan’s government has given up on approving Fujifilm Holdings Corp’s Avigan drug for the treatment of COVID-19 by the end of May, Kyodo News reported late on Monday citing a government official. Prime Minister Shinzo Abe said earlier this month he hoped the drug would be approved some time in May if its efficacy and safety could be confirmed. Fujifilm shares slumped last week after Kyodo reported that an interim study showed no clear evidence of efficacy for Avigan in COVID-19 cases. …read more […]

(Bloomberg) — Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.After weeks of broken sleep, his Atlantic Pacific Australian Equity Fund was up 23.6% for March and April, making it one of the rare hedge funds globally that made money in both periods. The two wildly different months messed with even some of the biggest money managers. In March, several bears reaped fortunes by betting on falling markets, only to lose money in …read more […]

Posted by OFX AUD – Australian Dollar In the context of recent volatility, the Australian dollar remained relatively range bound through trade on Monday, bouncing between support at 0.6520 and resistance at 0.6550. Markets remained largely muted to start the week as both the US and UK enjoyed extended weekends, while headline … Continue reading “Australian Dollar range bound in quiet start to the week”The post Australian Dollar range bound in quiet start to the week appeared first on . …read more […]

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