Trading Ideas

…read more […]

(Bloomberg) — U.S. stocks may have fallen 13% in the past seven sessions, but never fear, there’s a bastion of support. It’s just another 11% further below.The S&P 500 Index closed at 2,954 on Friday, after having fallen as low as 2,856 early in the session. The ferocity of the multi-day decline saw the gauge blow post its standard daily moving averages. So technical gurus have had to reach even further back to find the levels likely to be key from here — and there’s one in particular that they’re watching.If Friday’s S&P 500 futures low of 2,853 fails, “there …read more […]

The rout in world stocks deepened on Monday, with investors rattled by weekend data from China that showed its fastest ever contraction in factory activity, raising fears of a global recession from the coronavirus. The sheer scale of losses has prompted financial markets to price in policy responses from the U.S. Federal Reserve to the Bank of Japan and the Reserve Bank of Australia. Futures now imply a full 50 basis point cut by the Fed in March while Australian markets are pricing in a quarter-point cut at the RBA’s Tuesday meeting. …read more […]

Mar.01 — Much of the market uncertainty stemming from the coronavirus outbreak. The global death toll now moving past 3,000 with infections reaching more than 65 countries. Bloomberg’s Tom Mackenzie reports on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg) — Expectations the OPEC+ alliance will deepen output cuts put a floor under last week’s 16% plunge in oil prices, with futures in New York rallying even as the coronavirus continued to spread rapidly.Russia is ready to cooperate to support the world oil market, even though it’s comfortable with current prices, President Vladimir Putin said Sunday. That acted as a brake on plunging crude prices after a Chinese manufacturing gauge released over the weekend came in at a record low, undershooting already low expectations and highlighting the virus’s mounting economic impact.Oil consumption may not grow at all this year …read more […]

Mar.01 — Mayor Pete Buttigieg is ending his presidential campaign, according to people close to his campaign. Bloomberg’s Ros Krasny reports on “Bloomberg Markets: Asia.” …read more […]

Mar.01 — South Korea has responded to the expanded U.S. travel curbs due to the coronavirus outbreak, urging Washington to refrain from excessive measures, as the nation’s death toll climbs to 18 and cases top 3,700. Bloomberg’s Jihye Lee reports on “Bloomberg Markets: Asia.” …read more […]

Oil prices pared losses after earlier hitting multi-year lows on Monday as hopes that a bigger than expected production cut from OPEC and stimulus from central banks could offset economic gloom from the coronavirus outbreak. Brent crude was at $50.32 a barrel, up 65 cents, or 1.3%, by 0105 GMT, after earlier dropping to $48.40, the lowest since July 2017. “On the one hand, it’s pretty negative on worldwide crude oil and product demand,” said Lachlan Shaw, head of commodity research at the National Australia Bank. …read more […]

Mar.01 — Former Japanese Ambassador to the U.S. Ichiro Fujisaki discusses Prime Minister Shinzo Abe’s handling of the coronavirus outbreak in Japan and his outlook for the Olympic games. He speaks on “Bloomberg Markets: Asia.” . …read more […]

(Bloomberg) — Russia is ready to cooperate with its OPEC+ partners to support the world oil market, even though it’s comfortable with current crude prices, President Vladimir Putin said.The OPEC+ mechanism “has already established itself as an effective tool in ensuring long-term stability in global energy markets,” Putin told a meeting with ministers in Moscow on Sunday. The fact that Russia has large financial reserves to cushion the impact of turbulence in the market “doesn’t eliminate the need for action, including in cooperation with our foreign partners,” he said.Putin commented ahead of the March 5-6 OPEC+ meeting in Vienna where …read more […]

…read more […]

U.S. stock futures sank Sunday evening and indicated another brutal trading week on Wall Street, as mounting coronavirus fears rippled through global markets. …read more […]

Mar.01 — Washington state has declared a state of emergency after reporting the first coronavirus death in the country. Officials there are now investigating a possible outbreak at a health facility. Bloomberg’s Drew Armstrong reports on “Bloomberg Markets: Asia.” …read more […]

Mar.01 — China’s PMI data fell to the lowest level on record in February as coronavirus cases continue to spike all around the world. Bloomberg’s Tom Mackenzie reports on “Bloomberg Markets: Asia.” …read more […]

Mar.01 — Stanford University Asia health policy program director, Karen Eggleston, says we certainly need to prepare for a coronavirus pandemic, but panicking can make things worse. She speaks with Paul Allen on “Bloomberg Markets.” …read more […]