Trading Ideas

Goldman Sachs warns the coronavirus outbreak could easily trigger a U.S. recession. …read more […]

Apple sold fewer than half a million smartphones in China in February, government data showed on Monday, as the coronavirus outbreak halved demand for all such devices. China placed curbs on travel and asked residents to avoid public places in late January, just ahead of the Lunar New Year festival, a major gift-giving holiday. In total, mobile phone brands shipped a total of 6.34 million devices in February, down 54.7% from 14 million in the same month last year, data from the China Academy of Information and Communications Technology showed (CAICT). …read more […]

Correvio Pharma Corp.’s (TSE:CORV): Correvio Pharma Corp., a specialty pharmaceutical company, engages in developing… …read more […]

Top news and what to watch in the markets on Monday, March 9, 2020. …read more […]

Older adults and travelers with underlying health issues should avoid crowded places and non-essential travel, especially cruises, the State Department warns. …read more […]

U.S. 10-year Treasury yields slid to new record lows on Monday and were set for their biggest one-day fall in almost a decade, as coronavirus panic gripped world markets and stoked fears that the world economy is headed for a recession. The U.S. 10-year Treasury yield fell to as low as 0.318%. It was last down 22 basis points on the day and set for its biggest daily fall since 2011 – when a sovereign debt crisis ragged across the euro zone. …read more […]

Former First Lady Barbara Bush was famous handing out sound advice. In this episode of ‘Yahoo Finance Presents’, daughter Doro Bush Koch and Jean Becker, longtime chief of staff to President George H.W. Bush, sit down with Sibile Marcellus to share some of Barbara Bush’s best insights, gathered in the new book ‘Pearls of Wisdom’. …read more […]

(Bloomberg) — A war for oil market share in a world battling a deadly epidemic is proving to be a nightmare for equities. And in Asia, they’re succumbing to bear markets one by one.Shares in Japan, the Philippines, Singapore and Indonesia have plunged more than 20% from their highs, while those in Australia are nearly there and Hong Kong stocks are less than 3% away. The Lehman-like panic after Monday’s crash in oil prices added to the grim backdrop of the virus outbreak that has infected almost 110,000 people worldwide and killed more than 3,800.“No one can price risk now, …read more […]

(Bloomberg) — In terms of sentiment shifts, few episodes compare with what’s happening in U.S. stocks now. With each lurch, the longest-ever bull market is coming closer to an end.Investors who three weeks ago were doubling down on the rally’s longevity are being forced to unwind bets with a fury that is rarely ever seen. Engulfed in the quickest correction ever, American stocks are in serious danger of suffering the fastest bear-market plunge from an all-time high, unless the pace of selling slows.If the rally that began 11 years ago Monday finally ends, a signature theme of its last chapter …read more […]

(Bloomberg) — The rout in oil prices may well put a smile on the faces of liquefied natural gas buyers.Most of the world’s LNG is still sold under long-term contracts indexed to oil, which has remained a widespread practice since its inception in the 1960s. That means that some of the biggest importers — including Japan, China and South Korea — largely missed out from record low spot prices triggered by a milder winter and the startup of new supply.Oil’s collapse in the wake of an all-out price war between Saudi Arabia and Russia has changed the picture. An LNG …read more […]

(Bloomberg) — European equities plunged the most since 2016, putting them on course to enter a bear market, as a price war in oil dealt a new blow to a global economy already grappling with the coronavirus.The Stoxx Europe 600 Index plunged 6.6% as of 8:25 a.m. in London, even though some heavyweight members had not yet opened, taking its slide since a Feb. 19 record to 21%. Energy shares plummeted after the dramatic collapse of talks between OPEC and Russia prompted Saudi Arabia to launch a price war.A sharp sell-off in European stocks since last month’s peak, prompted by …read more […]

(Bloomberg) — The opening battle of the global oil price war got under way in Asia as some of the world’s biggest buyers said they’d try to buy more Saudi crude than planned in April after the exporter offered them unprecedented discounts.Even as they grapple with a collapse in fuel demand because of the coronavirus, at least six refiners from China to Singapore said they’d nonetheless try to maximize their purchases from the kingdom, storage capacity permitting. State-run Saudi Aramco has started to receive expressions of interest for extra oil, an industry official said separately.The scope to buy more may …read more […]

(Bloomberg) — The recent buoyancy in the world’s second-largest stock market in China was under threat Monday after oil plunged and U.S. index futures tumbled.A gauge of stocks in Shanghai and Shenzhen fell 3.4%, finishing near the day’s low, while selling by foreigners hit a record 14.3 billion yuan ($2.1 billion). An index of Chinese shares traded in Hong Kong dropped as much as 4.6%, which would be its biggest loss on a closing basis in two years. China National Offshore Oil Corp. slumped 16%, on track for its worst day on record.China’s CSI 300 Index touched a two-year high …read more […]

Mar.09 — Kathy Matsui, Japan vice chair and chief Japan equity strategist at Goldman Sachs, discusses Japan’s GDP figures and her outlook for markets. She speaks on “Bloomberg Markets: Asia.” …read more […]

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