Trading Ideas

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Sight deposits at the Swiss National Bank increased only marginally last week, suggesting President Thomas Jordan and his colleagues aren’t taking much action to counter the strengthening franc.Iran-U.S. tensions and fears about the spreading Coronavirus has lifted the haven franc this year. Earlier on Monday, it breached the 1.07 per euro mark to touch a fresh three-year high.Yet the amount of cash commercial banks hold with the central bank — seen as a early indicator of activity — rose just 0.22% to …read more […]

Jan.27 — John Tregoning, research scientist at Imperial College of London’s Department of Infectious Disease, discusses the spread of coronavirus, the fatality rate and vaccines being developed to combat the disease. He speaks on “Bloomberg Markets: European Open.” …read more […]

Chinese authorities are urging the public to remain calm as they try to contain a mysterious, fast-spreading coronavirus that has killed dozens of people and infected thousands. However, millions have already left Wuhan, the city at the center of the outbreak. Photo: Associated Press …read more […]

Jan.27 — James Athey, senior investment manager at Aberdeen Asset Management, discusses the selloff in markets on fear of the economic and human impact of the deadly coronavirus. He speaks on “Bloomberg Markets: European Open.” …read more […]

U.S. drugmaker AbbVie’s $63 billion tie-up with Allergan is getting help from Nestle and AstraZeneca buying up products the Irish-domiciled company is shedding to placate regulators. AbbVie is swallowing Allergan to give it control of the lucrative wrinkle treatment Botox and to diversify a portfolio heavily dependent on its $19-billion-per-year arthritis drug Humira, the world’s best-selling medicine that is advancing toward U.S. patent expiration. Swiss food group Nestle bulked up its medical nutrition business with Allergan’s Zenpep, a product with 2018 sales of $237 million which treats people whose pancreases do not provide enough …read more […]

Kobe Bryant, the former Los Angeles Lakers superstar and one of the greatest players in National Basketball Association history, died in a helicopter crash on Sunday. He was 41 years old.Photo: Associated Press …read more […]

(Bloomberg) — India further reduced — to $3.3 billion — the amount of debt bidders for Air India Ltd. will need to absorb and eased some eligibility requirements, as Prime Minister Narendra Modi tries once again to sell the national carrier.Expressions of interest are invited by March 17, according to preliminary terms published Monday. The entire company will be sold but effective control needs to stay with Indian nationals, and bidders would need to accept a little more than a third of Air India’s debt — down from two-thirds the last time around when not a single suitor could be …read more […]

Jan.27 — Israeli Prime Minister Benjamin Netanyahu says he will make history with President Trump in a visit to Washington this week when the U.S. leader is slated to present him with his long-awaited peace plan. Bloomberg’s Ivan Levingston reports on “Bloomberg Daybreak: Middle East.” …read more […]

Margielyn Didal from the Philippines has ridden from poverty to sudden fame after winning gold medals in street skateboarding at the 2018 Asian Games and 2019 Southeast Asian Games. Now the 20-year-old has set her sights on qualifying for the 2020 Tokyo Olympics, training overseas at skateparks in Los Angeles, Rio and Hong Kong. Named by Time Magazine as one of the world’s most influential teens of 2018, Didal dreams of building a skateboarding park and coaching clinic to help underprivileged… …read more […]

U.S. gold futures climbed 0.4% to $1,578.30. Asian stocks slipped as the coronavirus killed 80 people and infected more than 2,000 in China, with residents of Hubei province, where the disease originated, banned from entering Hong Kong amid global efforts to halt the rapid spread. Investors are “looking out for the new risk (coronavirus) coming into the markets and running for the exits in equity markets, that’s the cause for gold to move higher,” Stephen Innes, chief market strategist at AxiCorp, said. …read more […]

Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia’s energy minister sought to calm the market. Brent crude fell by $1.12 a barrel, or 1.9%, to $59.57 by 0113 GMT, having earlier dropped to $58.68, the lowest since late October. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud said on Monday he was watching developments closely in China and said he felt confident that the new virus would be contained. …read more […]

Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan’s Nikkei average suffered a steep 1.8% loss, on track for the biggest one-day fall in three weeks. U.S. S&P 500 mini futures was last down 0.9%, having fallen 1.3% in early Asian trade. …read more […]

Today we are going to look at Champion Iron Limited (ASX:CIA) to see whether it might be an attractive investment… …read more […]

Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia’s energy minister sought to calm the market. Brent crude fell by $1.12 a barrel, or 1.9%, to $59.57 by 0113 GMT, having earlier dropped to $58.68, the lowest since late October. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud said on Monday he was watching developments closely in China and said he felt confident that the new virus would be contained. …read more […]

(Bloomberg) — Gold jumped as the spread of the coronavirus globally spurred demand for haven assets.Prices rose as much as 1.1% as risk-off sentiment swept markets, with equities tumbling and Treasures gaining. In the latest effort to contain the virus, China extended the week-long Lunar New Year holiday and banned all outgoing overseas group tours to avoid having travelers contribute to its spread.President Xi Jinping’s government is under pressure to combat a virus that shows little sign of slowing down, with more than a dozen countries and territories reporting the illness within their borders. While the return of risk aversion …read more […]