Trading Ideas

Saudi Arabia and Russia are close to a deal on oil output cuts to reduce a global glut, a top Russian oil negotiator said on Monday, but details such as how to share out production curbs remained unclear ahead of talks planned for later this week. A supply deal between OPEC, Russia and other producers, a group known as OPEC+, that had propped up oil prices for three years collapsed in March, while the coronavirus hammered demand. Riyadh and Moscow blamed each other for the failure and launched a battle for market share, sending oil prices to their …read more […]

Market forces rained on the parade of StoneCo Ltd. (NASDAQ:STNE) shareholders today, when the analysts downgraded… …read more […]

Top news and what to watch in the markets on Monday, April 6, 2020. …read more […]

Apr.06 — European Banking Authority Chairman Jose Manuel Campa discusses efforts by regulators and central banks to help lenders weather the fallout from the coronavirus so that they can issue loans to individuals and smaller businesses. “Now is the time to focus on providing lending to the economy,” He said on “Bloomberg Markets: European Open.” …read more […]

(Bloomberg) — Repsol SA is the latest oil major to head to Europe’s debt market for fresh financing, with other large borrowers piling in as measures of credit stress ease for the first time in four days.Eight issuers including Sanofi and LafargeHolcim Ltd are marketing new bonds on Monday, with Repsol following BP Plc, Royal Dutch Shell Plc and OMV AG in to the market. The strong start to a holiday-shortened week for sales comes as a gauge of European credit risk fell after Germany saw the lowest number of new coronavirus cases in six days and U.S. President Donald …read more […]

(Bloomberg) — South Korean, Philippine and Indonesian stocks are the first in Asia Pacific to enter technical bull markets, rising over 20% from lows reached just weeks ago, as investor sentiment was buoyed by a slowing death toll in some of the world’s coronavirus hotspots.Asia’s regional benchmark climbed 2.5%, the most in about two weeks. New York State fatalities fell for the first time, and Italy had the fewest deaths in more than two weeks. President Donald Trump said he sees signs the U.S. outbreak is beginning to level off. Markets were also optimistic about Saudi Arabia, Russia and other …read more […]

Belgium’s Brussels Airlines, a Lufthansa subsidiary, has extended its suspension of flights until at least May 15, it said on Monday. The Belgian carrier had previously grounded flights until Apr. 19 but said it was extending that by four weeks because of “low to no demand”, owing to travel restrictions aimed at curbing the spread of the coronavirus. Airlines have been among the hardest-hit industries as the spread of the COVID-19 respiratory disease trigerred by the new coronavirus has brought travel to a grinding halt in many parts of the world. …read more […]

(Bloomberg) — When Samsung Electronics Co. brass addressed analysts during its last earnings call, much of the talk revolved around finally turning the corner after years in the doldrums. That was in January, before Covid-19 threw the global economy into a tailspin.Now, executives are struggling to assess the damage. In the short term, Samsung’s most profitable business is riding a surge in online activity from the millions confined to home, driving demand for the memory chips that help power datacenters and cloud services. But should the pandemic persist into the second half — a worst-case scenario — the tech giant …read more […]

Russia’s major oil companies, Rosneft, Lukoil and Gazprom, are set to resume Urals crude supplies to Belarus refineries in April after a three month suspension after Moscow and Minsk agreed supply terms, four industry sources familiar with supply plans told Reuters on Monday. Russia’s oil supplies to Belarus are set at roughly 0.6 million tonnes for April so far, according to the sources. Companies may decide to send more oil to Belarus in April if they find the supplies profitable, they added. …read more […]

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As many Americans are feeling financial strain amid the pandemic, you might feel inclined to help anyone out who you know is struggling. Here are five of the easiest ways to send money amid coronavirus. …read more […]

Not even a pandemic will dissuade scammers from their dishonest ways. In fact, many see the coronavirus outbreak as an opportunity to take advantage of people’s fears. Don’t fall for these common scams in the wake of COVID-19. …read more […]

Kraft Heinz’s (KHC) CEO Miguel Patricio has announced that the company has slashed production at three plants providing restaurant supplies, as consumer behavior shifts in response to the coronavirus outbreak. “These facilities have significantly reduced production” he said.“Operations in China are returning to normal now, but… consumers’ behavior has changed, as individuals are using more home deliveries” Patricio told investors.However, there was a positive takeaway from the presentation as well. According to Patricio, KHC has now boosted output at its packaged food units to meet the demand for macaroni and cheese in the US, and canned beans and soups in …read more […]

Gilead (GILD) is now working in consultation with regulatory authorities to establish additional expanded access programs for remdesivir, the company’s investigational medicine for Covid-19, says the company CEO Daniel O’Day.According to O’Day, the programs enable hospitals or physicians to apply for emergency use of remdesivir for multiple severely ill patients at a time. In particular, new US sites have been initiated while the European Medicines Agency announced that it has provided EU member states with recommendations on implementing expanded access programs for remdesivir in their countries.In addition to the expanded access programs, Gilead continues to provide remdesivir on an individual …read more […]

Many markets have shortened trading hours, and others are mulling whether to follow suit. ** India’s market regulator halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares in a bid to curb “abnormally high” volatility. …read more […]