Trading Ideas

(Bloomberg) — If 2019 was a bad year for Tony Tan Caktiong, the Philippine tycoon who built a fast-food empire that trounced McDonald’s in his home market, 2020 is shaping out to be worse for his company’s stock.After wooing millions of Filipinos for decades with its signature fried chicken, Tan’s Jollibee Foods Corp. set out on an expansion in the U.S., spending $540 million buying Smashburger and Coffee Bean & Tea Leaf Co. Even as the two money-losing chains turn out to be a drag on earnings, the coronavirus outbreak is now threatening to hit its sales.Fueled by concerns the …read more […]

…read more […]

(Bloomberg) — Gold rallied above $1,700 an ounce as a global rush into havens intensified, with the upswing driven by turmoil in the oil market, the spread of the coronavirus, sinking equities, and expectations of easier monetary policy as recession risks loom ever larger.The metal hit the highest since 2012 as Brent collapsed, futures on the S&P 500 Index sank, and the entire Treasury yield curve dipped below 1% for the first time. Investors have already driven holdings in bullion-backed exchange-traded funds to a record as the coronavirus hurt the outlook for growth.The traditional haven has sprinted higher this year, …read more […]

(Bloomberg Opinion) — In a war of attrition, the winner isn’t the force with overwhelming power, but the one with the greatest capacity to sustain damage. The current price war in the oil market is little different. Brent crude fell the most since the 1991 Gulf War Monday, dropping 31% in a matter of seconds, after Friday’s OPEC+ meeting broke up in disarray and Saudi Arabia slashed its crude prices and promised a surge in output.That decision to open the spigots may seem contradictory from a country that just days ago was trying to coax Russia to join a 1.5 …read more […]

Asian shares sank in a sea of red on Monday as panicked investors fled to bonds to hedge the economic shock of the coronavirus, and oil plunged more than 20% after Saudi Arabia slashed its official selling price. The world’s top oil exporter plans to raise its production significantly after the collapse of OPEC’s supply cut agreement with Russia, a grab for market share reminiscent of a drive in 2014 that slashed prices by about two thirds. “Today’s price action puts at risk the fiscal health of the vast majority of sovereign producers and budget cuts and increased …read more […]

Mar.08 — Lan Shen, economist at Standard Chartered, talks about China’s economy and policies. China’s exports fell more than expected in the first two months of this year as the coronavirus outbreak led to extended holidays, depressed factory output, and blocked transport and movement across the country. Shen speaks with Haidi Stroud-Watts on “Bloomberg Markets.” …read more […]

Mar.08 — Sayuri Shirai, professor of economics at Keio University, discusses Japan’s fourth-quarter GDP and her outlook for the economy. She speaks on “Bloomberg Markets: Asia.” …read more […]

Mar.08 — Margy Osmond, chief executive officer at Tourism & Transport Forum, discusses how the coronavirus has impacted Australian tourism and her outlook for the sector. She speaks on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg) — The coronavirus has spread to about half of the world’s countries, with infections in Italy eclipsing those in South Korea.Asian equities plunged with U.S. stock index futures and 10-year Treasury yields tumbled as investors kicked off the week with an extreme bout of risk aversion.Global fatalities from the coronavirus reached 3,800 as China reported 22 new deaths, while total cases surpassed 108,000.In the U.S., the State Department warned U.S. travelers with health problems should avoid cruise ships. New York City wants residents to walk or bicycle to work to avoid crowded rush-hour subways.Key Developments:Cases surpass 108,000 worldwide; deaths …read more […]

Mar.08 — More than half the world’s countries have reported infections as global cases top 108,000 and additional travel restrictions are implemented around the world. Deaths in Italy have surged to 366. That’s the most recorded for a single country outside of China. Bloomberg’s Yvonne Man reports on “Bloomberg Markets: Asia.” …read more […]

U.S. stock futures tumbled Sunday following a sharp drop in oil prices, as Wall Street grapples with economic disruptions from the virus outbreak. …read more […]

Boeing Co’s proposal to leave wiring bundles in place on the grounded 737 MAX has not won the backing of U.S. aviation regulators, a person briefed on the matter told Reuters. Last month, Boeing told the Federal Aviation Administration (FAA) it does not believe it needs to separate or move wiring bundles on its grounded 737 MAX jetliner that regulators have warned could short circuit with catastrophic consequences. The source said the FAA told Boeing on Friday that it did not agree with the planemaker’s argument that the planes’ wiring bundles meet safety standards and now it is …read more […]

(Bloomberg) — Waves of selling in U.S. stock index futures triggered Chicago Mercantile Exchange limits that prevent declines from surpassing 5% from a closing reference price, as the spreading coronavirus rattled investors and crude oil plunged.E-mini futures on the S&P 500 Index sank 5% to 2,819 as of 8:05 p.m. in New York, hitting a limit triggered when the measure falls 5% from the price calculated in the last 30 seconds of trading Friday. The curb means the contract can’t trade at a lower price for the remainder of the overnight session, although transactions at or above the threshold are …read more […]

Lookout below for oil prices as Saudi Arabia ratchets up pressure on Russia. …read more […]

Mar.08 — Jasmin Argyrou, director and portfolio manager at Credit Suisse Private Bank, discusses the outlook for the Australian economy, policies, and the fiscal stimulus package to protect the economy against the impact of the coronavirus that is expected to be announced Tuesday. She speaks with Paul Allen on “Bloomberg Markets.” …read more […]