Asian equity markets kicked off the week on a negative note as the spreading coronavirus was the major concern amid the virus took 900 lives and infested more than 40’000 people with cases outside Chine rising. There are also doubts that the numbers in China may be higher than reported...
US equities recorded timid gains on Thursday, while stocks in Asia edged lower on renewed anxieties about the spreading coronavirus as a Chinese doctor in Wuhan was reported dead and residents were asked to report their temperatures daily...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher...
With the coronavirus outbreak in China ongoing, highly cyclical currencies with strong ties to Chinese growth have been hit hard. And this is the case for the Australian dollar. The AUDUSD fell by around 3% earlier this week...
US equities rallied on Tuesday. The S&P500 (+1.44%) and the Dow (+1.50%) recovered as Nasdaq surged 2% to a fresh all-time high. The correction of the coronavirus sell-off and the rush towards technology stocks were the major catalysts...
Chinese stocks fell more than 2% before rebounding on Tuesday. Shanghai’s Composite gained 0.57% and CSI 300 advanced 1.71% following an early slump. Stocks in Hong Kong added 0.87%, as Nikkei (+0.50%) and ASX 200 (+0.37%) edged higher. The Aussie rebounded past the 0...
WTI crude dipped below $51 a barrel, as Brent crude fell to $55.40. Gold spiked to $1591 per oz but corrected to the $1580 level as the US 10-year yield consolidated near 1.52%. Bitcoin traded past $9500. It looks like stock markets elsewhere could get away with the Monday sell-off. FTSE (+0...
Stocks in China nosedived 9% at the open as traders returned from a week-long Lunar Year break. Yuan fell past 7 against the US dollar, copper and iron tanked by the daily limit. The death toll due to the coronavirus rose to 360, more than 17’000 is said to be infected...
Amazon.com Inc.'s fourth-quarter sales blew past a previous record as robust holiday sales and profit from cloud and advertising businesses helped offset growing shipping costs for its one-day Prime program...
The Chinese manufacturing PMI data was good and bad news at the same time. The January figure fell to 50.0 amid the Chinese New Year holiday and the coronavirus breakout take a toll on the activity as the year began but showed no contraction...
And with the manufacturing and non-manufacturing PMIs dropping below 50, we expect the weakness to continue in 1Q20...
Boeing Co. reported its first annual loss in more than two decades and said the costs from the 737 MAX crisis have climbed above $19 billion. The MAX has been grounded world-wide since last March following a pair of plane crashes within five months of each other that killed 346 people...
European and US equity markets rebounded on Tuesday, as investors started licking their wounds from the coronavirus-led sell-off. The S&P500 (+1.01%) and Nasdaq (+1.43%) surged as technology stocks led gains in the US...
Apple Inc. has shaken free of last year's iPhone slump, posting record revenue and a return to profit growth in the latest quarter behind strong sales of its flagship smartphone as well as apps and AirPods wireless earbuds. The tech giant reported revenue rose 9% in the December quarter to $91...
Nestle SA (NESN.EB) said Monday that it has entered into an agreement with Allergan PLC (AGN) to acquire gastrointestinal medication Zenpep...
Slowing China story continues taking a toll on the global stock markets, this time not because of the trade war but the spreading coronavirus which has taken more than 100 lives thus far as confirmed cases rose by 65% to 4515 in mainland China...
American Express Co.'s fourth-quarter profit declined from a year ago but its revenue increased. The credit-card company's profit was $1.69 billion for the quarter, down 16% from the comparable quarter a year ago. Earnings were $2...
Some Asian markets were closed due to the Chinese New Year holiday. Those that were open took another dive at the start of the week as the death toll due to coronavirus rose to 80 and the virus kept spreading despite containment measures. China, South Korea, Singapore and Hong Kong were closed...
