Trading Ideas

No Picture
Trading Ideas

Oil Tumbles on Virus Fear While Saudis See ‘Very Limited’ Impact

January 27, 2020 admin Comments Off on Oil Tumbles on Virus Fear While Saudis See ‘Very Limited’ Impact

(Bloomberg) — Oil tumbled as the market opened in Asia on fears China’s deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation.Futures in London and New York plunged more than 3% in early trading as the death toll from the outbreak in China rose and as officials extended the Lunar New Year holiday to help stem the spread of the outbreak. While Goldman Sachs Group Inc. predicted last week that global oil demand may take a hit, Saudi Arabia said it believes the crisis so far will have a “very limited impact” …read more […]

No Picture
Trading Ideas

U.S. Stock Index Futures Slide as Virus Spread Saps Risk Demand

January 27, 2020 admin Comments Off on U.S. Stock Index Futures Slide as Virus Spread Saps Risk Demand

(Bloomberg) — U.S. stock index futures slid in early Asian trading Monday as investors reacted to the spread of the deadly coronavirus over the weekend.S&P 500 Index futures contracts expiring in March fell as much as 1.3% as of 9:11 a.m. in Tokyo, after China extended the Lunar New Year holiday for an unspecified period of time to help stem the spread of the coronavirus that has killed at least 56 people. Dow Jones Industrial Average contracts for March were down 0.9% while those on the Nasdaq 100 retreated 1.3%.President Xi Jinping on Saturday ordered a faster response, sending teams …read more […]

No Picture
Trading Ideas

Stocks drop as new coronavirus fears escalate

January 27, 2020 admin Comments Off on Stocks drop as new coronavirus fears escalate

Shares slid on Monday as investors shunned equities on growing concerns over the scope of a China virus outbreak, with safe-haven assets such as the Japanese yen and Treasury notes in greater demand. Concerns over the spread of the coronavirus in China, and the potential economic impact, continue to generate financial market headlines. “Media wins — all you see is headlines about the coronavirus, giving investors a reason to sell the markets,” said Takeo Kamai, head of executions services at CLSA in Tokyo. …read more […]

No Picture
Trading Ideas

Shares, oil slide as China virus fears intensify; yen, Treasuries in demand

January 27, 2020 admin Comments Off on Shares, oil slide as China virus fears intensify; yen, Treasuries in demand

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 […]

No Picture
Trading Ideas

Stock Futures, Oil Tumble; Yen Jumps on Virus Fear: Markets Wrap

January 27, 2020 admin Comments Off on Stock Futures, Oil Tumble; Yen Jumps on Virus Fear: Markets Wrap

(Bloomberg) — Stock futures tumbled with crude oil and the yen jumped in early Asian trading Monday as investors reacted to the spread of the deadly coronavirus over the weekend. Contracts on the S&P 500 Index fell more than 1% and Japanese equivalents slid. The offshore yuan slumped after China extended the current Lunar New Year Holiday for an unspecified period of time. A swathe of Asian markets are shut for holidays Monday including China, Hong Kong, South Korea and Australia. On Friday, U.S. shares posted their biggest drop since October amid reports of new infections around the globe. Benchmark …read more […]