Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk $700 Million Richer Tesla CEO Elon Musk has qualified for a compensation package worth around $770 million after the electric vehicle company hit their goals reflecting its rapid growth in recent years. Tesla confirmed in a public filing that it awarded Musk the first part of a compensation package […]
Hong Kong: HANG SENG INDEX (.HSI) Start the Week in the Green Stocks in Hong Kong and China soared on Monday as investors expressed relief after U.S. President Donald Trump stopped short of specifying tough sanctions over Beijing’s new national security law for Hong Kong. Stronger-than-expected manufacturing activity in China also contributed to the gains. […]
Gold 1 OZ (XAU=X) Capped by Increasing Demand For Riskier Assets Gold futures finished slightly lower last week with gains probably capped by increasing demand for risky assets. serving to to underpin the precious metal was a weaker U.S. Dollar. I saw no evidence of “safe-haven” demand which is an illusion anyway. The direction of […]
Hong Kong led an Asia-wide market rally Monday as investors breathed a sigh of relief after Donald Trump fell short of imposing strict measures against China, while a further easing of virus lockdowns continued to provide support. However, violent anti-racism protests across the US have fuelled worries of a pick-up in COVID-19 infections and more […]
JD.com, Inc. (NASDAQ:JD) to Spend $100 Million to Back Appliance Store Operator Gome Retail Holdings JD.com will pay $100 million to back appliance store operator Gome Retail Holdings, a move which will expand the brick-and-mortar presence of China’s second-largest etailer. The recently announced strategic tie-up has JD.com purchasing convertible bonds that could translate to a […]
Australia: S&P/ASX 200 (.AXJO) Poised for Small Dip at Open The Australian sharemarket is tipped to stumble into a new week as investors gauge whether the easing of lockdowns – and also the promise of accelerated retail spending – will ward off concerns a COVID rally has gone too hard, too fast. The SPI futures […]
Don’t expect Trump’s policies to concern China overly, they have already built trade routes the world over and will continue to invest regionally in South East Asia. As China exits the Coronavirus ahead of the USA it has significant opportunity to cement trade deals ahead of other nations still stuck in the pandemic quagmire. Factory […]
The Federal Bureau of Investigation reported that violent crime fell nationwide in the period from 1990 to 2018. Violent crime was at a height of 1.93 million crimes in 1992, but has since reached a low of 1.15 million violent crimes in 2014. When conducting crime reporting, the FBI’s Uniform Crime Reporting Program considered murder, […]
The U.S. Food and Drug Administration today continued to take action in the ongoing response to the COVID-19 pandemic: FDA is making its previously developed FDA MyStudies app available to investigators as a free platform to securely obtain patients’ informed consent for eligible clinical trials when face-to-face contact is not possible or practical due to […]
Washington’s declaration this week that Hong Kong is no longer sufficiently autonomous from China was a historic moment with potentially far-reaching consequences for the finance hub — though much depends on President Donald Trump. The revocation of special status could radically rearrange the fortunes of a city that has served for decades as the global […]
Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy’s economy hard. The economy of Italy is the 3rd-largest national economy in the European Union, the 8th-largest by nominal GDP in the world, and the 12th-largest by GDP (PPP). Italy has a major advanced economy and […]
Los Angeles restaurants and hair salons were granted permission to reopen immediately Friday, as restrictions were eased despite fears the city has become a coronavirus hotspot. Restaurants in Los Angeles county — which has suffered more than half of California’s virus deaths — will be allowed to offer dine-in services with capacity limited to 60 […]
US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world’s two biggest economies. The announcement followed Beijing’s move to implement a new security law on semi-autonomous Hong Kong that critics say would stifle freedom, as well as with […]
A term coined in 1985 by an anonymous staff member of the Reagan Administration was “Starve the Beast”. This referred to a fiscally conservative political strategy to cut government spending by paying less in taxes. So, in the original sense, “the Beast” was the Government, and people were to starve the beast by spending less […]
Keeneland officials today announced the launch of the Keeneland Digital Sales Ring, a stand-alone online auction platform accessible to buyers and sellers around the world at Keenelanddigital.com. Kicking off the new digital platform will be a Select Horses of Racing Age Sale scheduled for June 23. “The Keeneland Digital Sales Ring marks a significant milestone in […]
This Monday the 1st June, the racecourse of Deauville La Touques will host the Emirates Poules d’Essai des Poulains (15 h 50) and Pouliches (16 h 25). The draw for the final runners took place this Friday. Find out the latest news on these two Group 1 Classic races, defining events for the 3-year-old generation, […]
Horse racing can only be staged on racecourses located in the green zone, which excludes Paris, where Auteuil racecourse is located. The June 7 meeting initially planned there is therefore transferred to Compiègne. The Grand Steeple-Chase de Paris (Gr1) and the Grande Course de Haies d’Auteuil (Gr1) will have to be run in the Autumn and […]
SoftBank Group Corp. (9984.T) CEO Doubles His Pay The CEO of SoftBank Group’s Vision Fund, Rajeev Misra, more than doubled his pay for the year ended March, despite the investment fund having lost $17 billion over the period. Misra, who is also a member of SoftBank’s board, will receive 1.6 billion yen ($14.9 million) in […]
Renault SA (RNO.PA) to Cut 15,000 Jobs Renault acknowledged that its international ambitions had been unrealistic, saying plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and wanted to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has been exacerbated by […]
Salesforce (NYSE: CRM), the global leader in CRM, today announced that Salesforce executives will participate in the following investor events: Monday, June 1, 2020: Adam Blitzer, EVP & GM, Marketing Cloud, Commerce Cloud and Community Cloud, will participate in a fireside chat at the Morgan Stanley 2020 Cloud Secular Winners Virtual Conference at 1:00 p.m. […]
This week brought more evidence of buyers and sellers returning to the market as newly pending sales and new listings are up from the previous week. Inventory continues to be incredibly tight — one reason list prices are growing faster than they were in April. Partly on the strength of that rebound, Zillow’s forecast now […]
The latest research from Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, shows that as worldwide audiences continue to shift toward engaging more with mobile and multi-platform devices, mobile commerce (m-commerce) is gaining an increasing share of digital commerce. In the 2020 “Global Mobile Payments Outlook” whitepaper, Comscore examines […]
Global equities mostly sank on Friday as US President Donald Trump readied his response to Beijing’s controversial planned national security law for Hong Kong. Trump has called a news conference to outline his response later Friday, as the heightened tensions overshadow increasing signs that the global coronavirus crisis is easing. “Beijing has defied all US […]
“If freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter.” ― George Washington President Donald Trump signed an executive order that seeks to limit liability protections that social-media firms enjoy after Twitter Inc. began selective fact checks of his posts on the platform. Under current law, […]
George Floyd died and the racist calls rang out, some black Americans looted stores, Media cried racism, black groups blamed white people, some whites blamed blacks and the whole argument shot off on a tangent, some blamed Trump, just what the government likes. Why does the Government like it? because it stops people seeing the […]
Market Overview: Beware of Rally, Shake Coming The Day Ahead The United States prints personal consumption expenditures prices for 1Q20, as well as the Energy information Administration’s crude oil, gasoline, fuel production, and heating oil stocks change for the week concluded 22 may. South Korea announces April’s industrial production. Japan releases April’s industrial production and […]
British Pound: USD/GBP (GBP=X) Dollar softer, sterling firmer amid risk-on mood The upbeat tone to investor sentiment continued yesterday as United States and UK markets came back from their long weekend. It seems market participants are focusing on the positives, regarding economies beginning to reopen, despite the still difficult and uncertain economic outlook. This was […]
Rupert Murdoch’s Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on 1 April it was temporarily halting printing of around 60 community newspapers and is expected […]
After weeks of economic shutdowns, the outlook for a US rebound remains “highly uncertain” and businesses nationwide are gloomy about how quickly things can return to normal, the Federal Reserve said Wednesday. At the same time firms worry that generous unemployment benefits make it difficult to retain workers or to bring them back to their […]
Bank of England Governor Andrew Bailey said Wednesday Britain’s economic recovery from the coronavirus pandemic could be “longer and harder” than anticipated and fresh bids to boost growth may be needed. Bailey hinted that further interest rate cuts and quantitative easing — which sees the bank buy government bonds, printing new money in the process […]
Japan announced fresh stimulus plans worth nearly $300 billion on Wednesday to pep up the economy after the coronavirus pandemic tipped the country into recession. Consumer spending has slowed to a crawl despite Japan’s relatively low infection numbers and death toll from the disease outbreak, prompting the first economic downturn since 2015. In response Prime […]
A one-trillion-euro recovery plan to get Europe back on its feet after the devastation wreaked by the coronavirus pandemic was set to be unveiled Wednesday, as badly hit Spain started 10 days of national mourning for its thousands of dead. The massive European proposal follows other unprecedented emergency measures introduced around the world to rescue […]
Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday. INSEE said that the French economy was currently running “at roughly four-fifths of its pre-crisis level” […]
Advanced Micro Devices (NASDAQ:AMD) Part of 2020’s Tech Renaissance Technically oriented traders might choose to watch for “confirmation” of the next leg up in AMD stock. In particular, they will feel that the price needs to break above the February high mark and stay there for a while. Or, maybe they’re anticipating a significant catalyst […]
NVIDIA Corporation (NASDAQ:NVDA) Price Target $410 Chipmaker Nvidia (NVDA, $348.71) has long been one of the best AI stocks to buy. While the company has built its name on high-powered graphics cards for gaming PCs, Nvidia’s chips are progressively being employed for artificial intelligence and deep learning applications. In the first quarter, Nvidia reported that […]
Tesla, Inc. (NASDAQ:TSLA) Cuts Prices Again Tesla said on Wednesday it’ll cut prices of its electric vehicles in North America as the company ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns. The company’s Model S sedans will now be priced from $79,990, and its Model X sport utility […]
Whether we emerge from the most acute phase of the pandemic into a Brave New World is largely dependent on whether we’re all observing heightened hygiene protocols. Hand-washing has become de rigueur and many of us routinely respect a six-foot corona bubble of personal space when we encounter others. Hotels know this, and are enacting […]
Dow Jones Industrial Average (.DJI) Traders Return to Wall Street Investors celebrated the reopening of the new york stock exchange by sending stocks soaring Tuesday, as the nation continues to unwind from pandemic shutdowns and a lot of drug companies chase coronavirus cures. The Dow Jones industrial average closed the day up 530 points, about […]
European shares close to 11-week high U.S. stock futures clear 3,000 level U.S. consumer confidence data due at 1400 GMT Gold prices edged lower on Tuesday as hopes of economic recovery lifted share markets with several countries easing coronavirus-driven lockdowns, although Sino-U.S. tensions over Hong Kong limited bullion’s losses. Spot gold XAU= slipped 0.1% to […]
salesforce.com, Inc. (NYSE:CRM) Earnings Preview: Heffx Optimistic Salesforce (CRM) is set to release its earnings this Thursday after market close, and ahead of the print Heffx CEO, Shayne Heffernan has reiterated his buy rating on CRM, with his price target remaining at around the $200 mark. With the stock up 9.35% year-to-date, our price target […]
Dow Jones Industrial Average (.DJI) Outlook The Dow Jones futures trading higher on memorial day as investors ignored rising tensions between USA and China and a new stand-off in Hong Kong and centered on the reopening of the economy and developments on the coronavirus treatment. Fed Governor Rosengreen in an interview on Sunday, said that […]
• USD steady in quiet trading with US and UK markets closed.• CAD leads G10 but remains firmly range-bound.• EUR trades around 1.09 ahead of EU relief fund proposal.• GBP unchanged despite Brexit and political tensions.• JPY modestly lower as stocks gain.• AUD little change in low 0.65s on limited price action.• MXN leads majors […]
Premier Li Keqiang delivered the Government Work report to the third session of the 13th National People’s Congress today. China will work to make sure they are achieving their development goals of winning the battle against financial condition and completing the building of a moderately prosperous society in all respects this year, though setting no […]
Euro: USD/EUR (EUR=X) Some dollar volatility The greenback has been the main mover on currency markets within the past seven days. In the early part of last week, it had been on the back foot as signs of progress in the race for a Covid-19 treatment supported risk appetite. The currency managed to recovery some […]
Thailand Baht: USD/THB (THB) Exports Rose, No New COVID-19 Cases A key trade group sees a potentially healthier export picture after shipments rose for a second straight month in April, driven by farm products and gold. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said the April surprise signals that full-year exports might shrink […]
When his business was hit by a coronavirus lockdown, Josh Ellis saw a threat to his livelihood and a breach of the US Constitution. So he went on Facebook and called for protests. The appeal “went viral instantly,” said the 40-year-old, who set up a Facebook page called American Revolution 2.0 in early April. The […]
US unemployment is likely to remain in double digits as Americans go to the polls in November, a top White House economic adviser said Sunday. Kevin Hassett predicted that US economic growth will “skyrocket” in the third quarter but could fall short of a full recovery from the coronavirus pandemic. Some 38.6 million people have […]
With the schedules for the 2020 Triple Crown and other major stakes for 3-year-olds finally firming up, trainer Patrick Biancone is stepping up the training programs for Sole Volante and Ete Indien at Palm Meadows, Gulfstream Park’s satellite training facility in Palm Beach County. “I gave them an easy time in April. They should be […]
Champion mare Sunlight has been retired and the superstar sprinter will be sold as an elite breeding prospect at the Magic Millions National Broodmare Sale in July. A triple Group One winner and earner of over $6.5 million, Sunlight has spent the past three racing seasons as one of Australia’s best gallopers and she retires as the […]
For the second successive month, popular demand for the Inglis Digital Online Sale platform has seen a new record number of entries. The May Sale will take on the same format as the April Online Sale, where more than 432 lots sold (80%) for a gross of $4.2 million, demonstrating the strong demand across all […]
Goffs is delighted to announce that the catalogue for the Goffs Land Rover Sale 2020 is now available online. 532 of the best National Hunt stores have been selected and will be offered on the revised dates of 4 – 5 August. Click here to view the catalogue. Another memorable year for Goffs Land Rover was topped by […]
Ascot have unveiled a bumper schedule for this year’s behind closed doors Royal Meeting. Ascot Racecourse today unveiled the Order Of Running for the behind closed doors 2020 Royal Meeting (16th-20th June). In this unprecedented year, there are several alterations to the programme, including six extra races being added to the fixture. There will be […]
Amazon.com, Inc. (NASDAQ:AMZN) to Hire 50k Workers in India Amazon.com Inc’s AMZN.O India unit said it would hire 50,000 temporary staff to satisfy a surge in online shopping within the country, where customers are stuck inside for two months during a lockdown to fight the coronavirus plandemic. E-commerce firms faced massive disruption within the initial […]
Dow Jones Industrial Average (.DJI) Fell as China Trade Tensions Escalate The Dow Jones Industrial Average fell 101.78 points, or 0.41%, to close at 24,474.12. The S&P 500 lost 23.10 points, or 0.78%, to end at 2948.51, and the Nasdaq Composite fell 90.90 points, or 0.97%, to close at 9284.88. China is coming up with […]
British Pound: USD/GBP (GBP=X) Slightly Weaker Tone Short-Term There was a positive tone to risk appetite yesterday. The major equity indices managed to register gains. At the closing bell on Wall Street last night, the S&P 500 was up 1.7% on the day. Meanwhile, the action on currency markets over the past 24 hours has […]
Dow Jones Industrial Average (.DJI) Takes a Dip U.S. stock indexes edged down at the open on Thursday as developing Sino-U.S. tensions and mixed retail earnings added to concerns about the pace of a recovery from a coronavirus-fueled economic slump. The Dow Jones Industrial Average .DJI fell 11.63 points, or 0.05%, at the open to […]
Australian Dollar: USD/AUD (AUD=X) Further escalation in Australia – China tensions There have been reports about China trade retaliation following the 80% tariff on barley imports from Australia for the next 5 years together with Chinese officials having drawn up a list regarding potential goods including seafood, oatmeal and fruit that could be subject to […]
Thailand Baht: USD/THB (THB) Bank of Thailand cuts policy rate to record low The Bank of Thailand policy committee cut the benchmark interest rate by 25bps to a record low of 0.5%, backed by a 4-3 vote. The central bank maintained a cautious tone on the growth outlook, expecting a slower turnaround from the external […]
Euro: USD/EUR Shifts Focus to Chair Powell’s recent appearances After Monday’s robust improvement in market sentiment, there was an additional cautious tone to proceedings yesterday. This was evident in most of the major equity indices finishing the day with some modest losses. On the currency front, major pairs are confined to fairly tight ranges over the past twenty four hours. One reason for the muted market action […]
Asian markets fluctuated Thursday after rallying for much of the week, with any gains dragged by profit-taking while concerns over the long-term impact of the virus and worsening China-US relations added to the selling pressure. Equities have enjoyed weeks of gains thanks to signs of an easing in the disease in major economies and the […]
Some types of businesses may not be able to survive in the post-pandemic world even after the American economy recovers from the coronavirus, the US Federal Reserve said Wednesday. Defeating COVID-19 is the key factor in restoring the world’s largest economy, but some of the damage may persist especially if consumers remain reluctant to return […]
HEFFX have issued a STRONG BUY recommendation on Carabao Group. (CBG.BK) based on a one-year target price of 167.00 baht, offering a 75.79% upside potential from its closing price of 95.00 baht on May, 20th, 2020. Our recommendation is primarily driven by strong margins and growing revenue combined with an excellent balance sheet. About Carabao […]
Euro: USD/EUR (EUR=X) Positive Mood on Markets After last week’s generally risk averse mood, risk appetite started this week on a stronger footing. Sentiment was aided by encouraging early results from a Covid-19 vaccine trial, as well as by a further easing of restrictions in some countries. Expectations of additional stimulus from central banks also […]
Thailand’s cash-strapped national carrier will look to undergo a restructuring through the kingdom’s bankruptcy court, premier Prayut Chan-O-Cha said Tuesday, as the stricken company is battered by the crash in tourism caused by the coronavirus. Thai Airways — which is 51 percent owned by the government — has long fought to stay afloat, registering losses […]
Hopes for a vaccine to treat coronavirus and a further easing of lockdown measures around the world spurred a rally on Asian markets Tuesday as investors tracked a surge across Europe and Wall Street. A half-a-trillion-dollar Franco-German plan to support the European Union economy also lifted confidence, while Australian investors brushed off news that China […]
Australia’s competition watchdog suggested Tuesday that local media could organise a “collective boycott” of Google and Facebook to force the tech giants to pay for news they put on their platforms. The radical idea was among a series of possible bargaining tools put forward by the Australian Competition and Consumer Commission (ACCC) as it considers […]
Thai resort nurses green turtles to life The birth of some 200 green turtles has brought a moment of joy to the staff at one of Thailand’s top hotels. Between April 4 and 24, three nests hatched on the secluded beach at Banyan Tree Samui resort, and a total of 200 baby turtles emerged under […]
Bitcoin: USD/BTC (BTC=X) JK Rowling and the Deathly Bitcoiners Late last week, Harry Potter author JK Rowling innocently tweeted: “I don’t understand Bitcoin, please explain it to me.” She was immediately inundated with a million charts, complicated explanations and demands she buy Bitcoin. Even ETH co-founder Vitalik Buterin and billionaire Elon Musk got in on […]
Hong Kong: HANG SENG INDEX (.HSI) Set to Embrace Change Investors may soon no longer have to put up with dismal underperformance The 50-year old Hang Seng Index is poised to embrace change, and it could not come soon enough for investors forced to put up with years of dismal underperformance. On Monday (18 May) […]
British Pound: USD/GBP (GBP=X) on back foot last week Sterling was the main mover on currency markets last week, reflecting the re-emergence of Brexit uncertainty. On Friday it was confirmed by both the EU and UK that little progress was made in the latest talks. Earlier in the week, uncertainty surrounding the UK’s proposed Covid-19 […]
The second quarter of 2020 is shaping up to be the worst quarter in history in terms of contraction in demand and activity. This is despite a modest bottoming of the Chinese economy. Key summary points We are tracking 2Q yoy real GDP growth to be -12% in the US, +3% in China and -7% […]
Gold 1 OZ (XAU=X) A Likely Slower Grind Higher The current gold bull market started in December 2018 and hit its growth spurt a year ago, in May 2019. Spot and futures prices have rallied 30-35% since that time, to the ~US$1,700/oz range, as the COVID-19 shock brought forward constructive gold market themes that were already […]
Even after loosening its grip, the coronavirus will leave indelible marks on society. “It’s going to change how we think, live, work, learn, shop, travel and entertain,” says Shayne Heffernan, CEO and Founder of Heffx. “History has shown that past disruptions of this magnitude, as painful as they can be, have often also boosted resourcefulness, […]
New Zealand Dollar: NZD/USD (NZD=X) Expanded QE, but more to come Last week saw three big developments. The country took an enormous steptowards normality by moving into Alert Level 2; the RBNZ at its Monetary Policy Statement scaled up QE to $60bn and left all other tools on the table; and the Government delivered a […]
A talented hospitality professional with two decades of diverse experience in sales and marketing and a passion for building strong business relationships has been named five-star Meliá Koh Samui’s director of sales and marketing. Thai national Phatsalawadee Pimpila’s appointment to the new 159-room and 41-suite luxury resort on Koh Samui’s north-eastern coastline in the Gulf […]
The business shutdowns caused by the coronavirus pandemic could “easily” cause the US economy to collapse by 20 to 30 percent this quarter, Federal Reserve Chair Jerome Powell said Sunday. Data show more than 30 million jobs were destroyed in the world’s top economy, as businesses were shuttered nationwide amid the efforts to stop the […]
Horse Racing Ireland today welcomed the confirmation from the Government that race fixtures in Ireland can resume behind closed doors on June 8. Only key personnel necessary to run the fixture will be permitted to be on site where they will be subject to strict Covid-19 protocols. All those in attendance will be subject to […]
The “French Grand National”, the Président de la République Chase (Gr3) is the best-rated handicap run at Auteuil with € 155,000 in prize money. They are 20 at the start this year to take the outer steeple-chases course, over the distance of almost 3 miles.The race is usually held in April and has been delayed due to the […]
Camelot’s fine run continued on Thursday when the Francis-Henri Graffard-trained World Peace (3f Camelot – Wolkenburg, by Big Shuffle) made a winning debut in the Prix de la Serenite at Angers. One of 16 to line up for the ten and a half furlong contest, she in mid-division for much of the way and quickened […]
After a suspension due to the coronavirus pandemic that has lasted several weeks, and continues for the time being in some countries, the European racing season is now back underway and action resumes in France on Monday, 11 May at Longchamp. Godolphin will be represented by six runners in total, five from Andre Fabre’s yard […]
Three Series races to form a part of early schedule once racing resumes Horse racing fans across Britain received positive news yesterday as the BHA announced a provisional schedule, starting on Monday June 1 that included the staging of three QIPCO British Champions Series races. The Investec Coronation Cup, usually staged at Epsom, has been […]
A major stage in the spring chasing season, the Murat Chase (Gr2) also becomes the only one this year on the way to the Grand Steeple-Chase de Paris (Gr1) due to the coronavirus outbreak and the lockdown on racing that was enforced from March to May.The Grand Steeple-Chase de Paris (Gr1) will indeed be held on June […]
salesforce.com, Inc. (NYSE:CRM) – The new face of commerce is not human Artificial intelligence (AI) is now part of everyday life. Digital assistants recognize your voice and respond to your commands. Computers help translate vast amounts of data into better-informed medical decisions. Chatbots offer you help with a human touch. By the end of 2020, […]
The decline of 11.3% on the month is massive, but April will be even worse. Large differences between countries are showing, with some even posting increases After all the eurozone manufacturing sector had been through in the past two years, things were starting to look up at the start of 2020. The coronavirus lockdown therefore comes as a […]
Investors in China seemed content with existing government measures to support the country’s slumping economy. But they are now calling for more stimulus. Judging by the lack of conviction in Chinese financial markets, the outcome of this month’s key policy meetings may be the deciding factor for investors. While volatility in stocks and the yuan […]
Euro: USD/EUR (EUR=X) has made some modest gains Despite a relatively quiet macro data and event schedule yesterday, we did some action on currency markets. This was mostly in the form of the euro spending much of the day on a gradual upward trajectory. The gains for the euro over the past 24 hours are […]
Historically, pandemics have forced humans to break with the past and imagine their world anew. This one is no different. It is a portal, a gateway between one world and the next. Without a doubt, the coronavirus is shaking the financial industry like never before. This is not the first time the world has faced […]
Overview Commodity prices generally fell in April – with particularly steep falls in oil and Liquefied Natural Gas (LNG) markets, along with declines in iron ore and coal. The global economic outlook has continued to deteriorate – with a wider range of economies impacted by countermeasures to control the spread ofCOVID-19. Although China has commenced […]
The combination of plunging tax revenues and massive government stimulus spending in response to the Covid-19 crisis means government borrowing came in more three times higher than any previous month in history. The US is on course to hit a fiscal deficit of 20% of GDP in 2020, double the Global Financial Crisis peak of […]
British Pound: USD/GBP (GBP=X) Some Sterling Softness Currency market action yesterday saw sterling adopt a marginally softer tone. Confusion surrounding the UK’s proposed exit strategy from its current Covid-19 lockdown acted as a headwind for the currency. Brexit news flow may also have been a negative. Headlines suggest little progress has been made in EU-UK […]
USD: Enjoys a broader bid overnight, alongside somewhat higher yields and choppy equity markets as US rates reflect some fading of the negative rates story (though markets are still pricing negative in 2021). This comes as Fed speak from Evans and Bostic attempts to pushback on negative rates with the former seemingly taking a more […]
We believe that the pandemic could further sharpen the focus upon sustainable investing, benefiting society and driving shareholder returns. Amid the worst pandemic in over a century and the unprecedented economic shutdowns, people everywhere are longing for a return to normality. At the same time, though, there is also a growing sense that we should […]
A seasoned professional with almost two decades’ experience in luxury hospitality in Europe and the Middle East and a passion for teaching and mentoring others has been named Alma Resort’s executive chef. German national Ingo Stöneberg has joined the 196-pavilion and 384-suite resort overlooking Long Beach, on Vietnam’s Cam Ranh peninsula, to oversee its rich […]
UK FTSE 100 (.FTSE) Stocks to edge lower as traders mull lockdown easing London stocks were set to edge lower on Tuesday as investors continue to mull the loosening of lockdown restrictions in the UK and abroad.The FTSE 100 was called to open 12 points lower at 5,927. Shayne Heffernan Trade Idea “The pound sold […]
Prolific Victorian nursery, Larneuk Stud, has announced fees for its 2020 stallion lineup, with significant reductions across the board. Despite the continued success of O’Lonhro and Cluster, along with the positive vibes around Wolf Cry’s rising 2YOs, Larneuk’s new roster structure represents a 20% decrease on last spring. Cluster will now stand at $5,500 O’Lonhro […]
Dow Jones Industrial Average (.DJI) End of Capitalism? There is an unfettered greed and it sits at the heart of the world economy. Its most visible incarnation, of course, is Gordon Gecko’s home turf — Wall Street itself. Home of the New York Stock Exchange where trillions of stocks and shares are traded daily. Here […]
United States Oil (USO) Investors Remain Skeptical Investors have abandoned oil at warp speed so far this year as futures prices have fallen to record lows. Even as oil has bounced from its record trough in April, investors remain skeptical about the chances for sustained value appreciation. Shayne Heffernan Trade Idea “We expect oil will […]
Should I invest in Gold 1 OZ (XAU=X)? The price of gold has risen 20% year-to-date. Economic anxiety is running deep and financial systems are exceedingly fragile. This is boosting the price of gold to be the safe-haven asset to own. When the stock market crashed in March, the gold price also fell. This surprised […]
Bitcoin: USD/BTC (BTC=X) Massive volatility ahead of halving Bitcoin halving, as it’s called, is set to take place for the third time on or around May 12. In the past, this event has coincided with a strong run-up in the bitcoin price and may lead to pre- and post-halving volatility, with price implications extending into […]
Coolmore’s Tom Magnier secured Group I winner Booker earlier in the Inglis Chairman’s Sale for $1.6 million and then later added Champion Sprinting filly Samaready to his tally for $1.8 million, both mares set to be covered by Triple Crown winner Justify in the spring. Consigned by Vinery Stud, Samaready won the Group I MRC […]