Trading Ideas

Top news and what to watch in the markets on Thursday, March 26, 2020. …read more […]

SINGAPORE/NEW DELHI/SEOUL (Reuters) – Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more countries lock down and restrict travel to contain the spread of the coronavirus. In Asia, home to over a third of the global refining capacity, India’s top refiner has slashed output by up to 25%-30% while operators in Japan, South Korea and Thailand – already running at reduced rates – are looking at more cuts even as they shut plants for maintenance. China, which restarted its economy after weeks of lockdown, is an outlier …read more […]

Bitcoin’s mining difficulty, an indicator of competition among bitcoin miners, has seen the second-largest decline in the network’s history.The post Bitcoin’s mining difficulty sees the second-largest drop in history appeared first on The Block. …read more […]

Oilfield services firm Halliburton and Russia’s Gazprom Neft have signed an outline agreement on technological cooperation to construct wells at the Achimov oil formation in Siberia, Gazprom Neft said on Thursday. Cooperation between Western and Russian oil and gas producers has been curtailed by the sanctions imposed on Russia by the United States and Europe following Moscow’s annexation of Crimea from Ukraine in 2014. Gazprom Neft and the Houston, Texas-based company, have been working on a number of projects since 2011. …read more […]

“This is the biggest, fastest thing I’ve ever seen Congress do and I’m still not sure if it’s enough,” says Obama’s former Chair of Economic Advisers Jason Furman. …read more […]

Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see TOTAL S.A… …read more […]

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Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

(Bloomberg) — Asian stocks were mixed on Thursday, following the first back-to-back gains for global equities since mid-February, as investors digested the text of the U.S. stimulus bill.Japanese shares sank more than 2% amid further efforts to contain the movement of people, while equities in Hong Kong were also lower. Shares in South Korea saw modest gains, with the Sydney market more than 2% higher. S&P 500 futures dipped after the benchmark’s rally of more than 5% fizzled. Senate negotiators circulated what was labeled a final draft of the negotiated agreement, prior to a vote due to take place soon. …read more […]

(Bloomberg) — Gold dropped for a second day as concerns over the threat of a trading squeeze eased and investors digested the text of the U.S. stimulus bill.Bullion had a fraught start to the week as logistical disruptions caused by the coronavirus pandemic led to a divergence of prices in New York and London, with traders worried about getting supply, although there are signs that the peak tightness may have eased for now.Late on Tuesday, CME Group said it would rush the launch of a new gold futures contract under which 400-ounce bars would also be deliverable. The move offers …read more […]

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Asian stock markets made a cautious start on Thursday following two days of rallies, as investors await the passage and details of a $2 trillion stimulus package in the United States to combat the economic fallout from the coronavirus. It cannot come soon enough, with potentially enormous weekly U.S. initial jobless claims to appear in data due at 1230 GMT. Japan’s Nikkei fell 2.2%. …read more […]

(Bloomberg) — Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub will see her compensation cut by at least $1 million as billionaire Carl Icahn extends his reach into the company’s boardroom.Hollub, who came in for withering criticism from Icahn when she orchestrated a takeover of Anadarko Petroleum Corp., will have her salary capped at $250,000, the oil driller said in a filing on Wednesday. That compares to the $1.25 million salary she collected in both 2017 and 2018 — compensation tables for 2019 haven’t yet been disclosed.The quarter-million-dollar cap also applies to other top managers, Occidental said in the filing, …read more […]