Central banks’ assurances that they stand ready to act to support local economies hit by the CoVid-19 outbreak turned risk appetite around yesterday, lifting equity, oil and industrial metals...
The Reserve Bank of Australia cut its benchmark rate by 25 bps to 0.5% at today’s meeting. It was a mild surprise, with only 50% of polled economists expecting the cut. In the accompanying...
The Rout Continues After A Brief Reprieve
Friday’s Wall Street rebound was wiped out, and more, in early trading this morning as virus cases continue to increase and China released very weak PMI...
Wall Street indices were in freefall yesterday, posting losses of around 5%, as CoVid-19 spread more quickly outside China. The state of California reported its first confirmed case of community...
Yesterday’s Asia rebound once again proved to be a dead cat bounce as minimal gains were wiped out in the US session. Microsoft (NASDAQ:MSFT) fell after hours after it cut sales forecasts for...
US indices traded nervously yesterday, extending the recent decline as the number of new CoVid-19 cases outside China exceeded those within for the first time. Microsoft (NASDAQ:MSFT) cut its sales...
US indices slumped for a second straight day yesterday amid fears of an escalation of virus cases outside of China. US Treasury yields hit record lows on flight to safety. The US’ Centers for...
In what has become a familiar pattern over the past few days, trading in Wall Street indices has taken on a mildly bullish tone following the hefty decline the previous day. The same thing happened...
The one topic driving sentiment in markets these days is the spread of the CoVid-19 virus beyond China’s borders. Safe-haven assets are in demand, boosting gold, the US dollar and US Treasuries,...
US indices slumped dramatically yesterday as the virus spread outside of China continued. Meanwhile, the WHO has confirmed that China’s data on virus cases are genuine as some provinces report...