Trading Ideas

With Chinese consumers hit by quarantine and travel restrictions as well as just wary about venturing out to the shops due to the coronavirus epidemic, companies in the world’s most populous nation are experimenting with new tricks to make sales. Oil giant Sinopec – keen to get customers back in their cars and help farmers unable to deliver produce due to roadblocks – launched a new scheme last month called “zero-touch” vegetable sales at its 6,000 gas stations in 147 Chinese cities. Consumers place and pay for orders on the Sinopec mobile app and when they drive …read more […]

Mar.02 — Bob Parker, investment committee member at Quilvest Wealth Management, discusses the bounce in equity markets and the possible reasons for the uptick. He speaks on “Bloomberg Markets: European Open.” …read more […]

The coronavirus has people all over the world frightened and afraid. But is the fear and uncertainty driving more Americans to change their spending habits? …read more […]

German airline group Lufthansa said on Monday that it was extending the suspension of flights to China until April 24, to Tehran until April 30 and reducing services to northern Italy due to the coronavirus outbreak. The epidemic, which began in China and has killed almost 3,000 people worldwide, is disrupting flight demand and many airlines have suspended or adjusted services in response. “After a thorough assessment of all currently available information on the coronavirus, Lufthansa Group has decided to continue to extend the suspension of flights between Germany, Switzerland, Austria and mainland China by Lufthansa, SWISS …read more […]

Mar.02 — The worst stock rout since the global financial crisis showed signs of at least a pause on Monday, prompted by optimism that central banks will once again save the day. Bloomberg’s Mark Cudmore explains on “Bloomberg Markets: European Open.” …read more […]

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Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday. Suri has been in the role for six years and was previously head of Nokia Siemens Networks. The Finnish company has been struggling to regain investors’ confidence after issuing a surprise profit warning in October that slashed off a third of its value and forcing the company to admit some delays in its 5G development. …read more […]

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(Bloomberg) — The coronavirus-wrecked equity markets of China, Singapore and Australia can now provide shelter from the outbreak, according to Morgan Stanley.The investment bank upgraded stocks of the three nations in its model allocation for Asia Pacific and emerging markets on Sunday, citing expectations of further policy stimulus amid the widening public health emergency and cheaper relative valuations.Following the worst week in two years, Asia stocks rebounded on Monday as investors drew optimism from the Bank of Japan, which issued an emergency statement to support market stability. The move came after the Federal Reserve released an unscheduled statement on Friday, …read more […]

(Bloomberg) — The swirl of fresh coronavirus cases and signs of the severity of the hit on the global economy have seasoned strategists warning that U.S. growth could come to a halt this year and some Treasury yields may drop below zero — possibly as early as this week.The warnings come as a rout in equities and rate-cut expectations sent long-term Treasury yields to unprecedented lows. Over the weekend, China’s manufacturing purchasing managers’ index plunged to the lowest on record amid a surge in coronavirus cases and new fatalities — including the first in the U.S. — around the world.Rates …read more […]

Dow stock futures rose more than 100 points late Sunday night as investors assessed fast-moving coronavirus developments. …read more […]

Mar.01 — Alan Zeman, chairman at Lan Kwai Fong Group, discusses his long-term outlook for Hong Kong and the impact of coronavirus on the city and Macau. He speaks on “Bloomberg Markets: Asia.” …read more […]

Pete Buttigieg, former mayor of South Bend, Ind., and the first openly gay contender to win delegates in a presidential contest, talks about his decision to end his bid for the Democratic nomination. Photo: Michael Caterina/AP …read more […]

Mar.01 — After weeks of political turmoil in Malaysia, there is a new prime minister to succeed Mahathir Mohammad, who abruptly resigned last week. Muhyiddin Yassin was sworn in after the king decided he was the politician most likely to lead a majority in parliament. Bloomberg’s Dan Ten Kate reports on “Bloomberg Markets: Asia.” …read more […]