Oil Rises As Markets Eye OPEC, Russia Meeting On Output Cuts

Oil rebounded on Wednesday after a two-day fall, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic. Brent crude was up by 21 cents, or 0.8%, at $32.08 per barrel by 0639 GMT after falling […]

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Stocks Climb, Trying To Extend Winning Streak

U.S. stocks rose sharply Tuesday, buoyed by early indications that the spread of the coronavirus pandemic was slowing in some hot spots around the world. The Dow Jones Industrial Average rallied 2.8% in midday trading, a day after rising almost 8%. The S&P 500 and the Nasdaq Composite also jumped, climbing 2.3% and 1.5% respectively. […]

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Oil Rises 3% On Hopes For Output Cut

Oil prices gained on Tuesday as hopes rose that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected. Brent crude (LCOc1) was up by 93 cents, or 2.8%, at $33.98 a barrel by 0431 GMT […]

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Economic Calendar – Top 5 Things to Watch This Week

The main focus will once again be on U.S. labor market, with Thursday’s initial jobless claims report, which has already shown an unprecedented jump of around 10 million over the past two weeks. Oil prices look set to crater again on Monday as the price war between Saudi Arabia and Russia intensifies. Meanwhile, Wednesday’s Federal […]

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European Markets Mixed As Coronavirus Cases Top 1 Million

Global stock markets have experienced a shaky start to the second quarter this week as investors to assess the potential economic ramifications of widespread lockdowns and the persistent spread of the coronavirus. European markets were searching for direction on Friday morning as another rocky week of trading draws to a close amid the deepening coronavirus […]

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U.S. Stock Futures Rebound, Oil Surges

U.S. stock futures recovered some ground Thursday, while oil prices surged on hopes of an end to the Saudi Arabia-Russia price war. Contracts tied to the S&P 500 rose 1.6%, suggesting that the index may recover some of its losses when trading gets under way in New York. U.S. equities endured their worst start to […]

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French Manufacturing Plunges Into Deepest Slump In Seven Years

French manufacturing activity fell in March at the fastest pace in more than seven years as a nationwide lockdown to contain the coronavirus outbreak hits companies and their clients, a monthly survey showed on Wednesday. Data compiler IHS Markit said its final Purchasing Managers’ Index (PMI) fell to 43.2 points from 49.8 in February, slightly […]

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Global Stocks Fall as Oil Dips Below $20

Today’s Stock Market News { Monday – 30 March – 2020 } In Monday-afternoon trading in Hong Kong, S&P 500 futures rose about 1%, reversing earlier declines and suggesting that U.S. shares could rise at the start of the week. The yield on the 10-year U.S. Treasury note, a security that is seen as a […]

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Trump Decides Against Quarantine for New York

“A lockdown is what they did in Wuhan, China, and we’re not in China,” Mr. Cuomo said on CNN Saturday evening. President Trump late Saturday said he would not seek a quarantine on New York, New Jersey and parts of Connecticut after raising the idea earlier in the day and said his administration would instead […]

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Stimulus Check Calculator

Congress just passed a $2 trillion stimulus bill to address the growing economic crisis caused by the coronavirus pandemic. Included are direct payments to many Americans. Individuals are eligible for up to $1,200 and couples would receive up to $2,400 — plus $500 per child. But the payments would start phasing out for individuals with […]

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Coronavirus Shows Cash Is King, Even for Biggest U.S. Companies

The fast-spreading coronavirus has prompted even the biggest U.S. companies to cut their spending and bolster their balance sheets, proving once again how cash is king, especially in times of crisis. After a decadelong U.S. economic expansion, not every company has entered this crisis with the same cash cushion. Apple Inc. ended the year with […]

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Financial Markets: European Shares Jump Again On Stimulus Bump

European shares rose on Wednesday following a strong rally in the previous session, as investors bet on unprecedented stimulus measures to ease the economic pain on businesses and households from the coronavirus pandemic. The pan-European STOXX 600 index (STOXX) was up 2.1% at 0804 GMT, with energy (SXEP), industrials (SXNP), financials (SXFP) and miners (SXPP) […]

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U.S. Futures And Global Equities Rise After Fed Move

U.S. stock-index futures and global equities rose after the Federal Reserve stepped up its assistance to the American economy, saying it would back lending to businesses and buy essentially unlimited amounts of government debt. S&P 500 futures gained more than 3% in early afternoon trading on Tuesday in Hong Kong, suggesting U.S. shares could rise […]

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Financial Markets – Top 5 Things to Watch This Week

This week market watchers will be looking at economic data releases for early indications of the scale of the impact from the coronavirus pandemic, but the main focus will continue to be on the response from governments and central banks who are ramping up stimulus measures amid market fears over whether steps announced so far […]

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Airbnb Racks Up Hundreds Of Millions In Losses Due To Coronavirus

Airbnb Inc. wrestles with escalating losses due to the devastating impact of the coronavirus pandemic on its global business. The pandemic has thrown into disarray Airbnb’s plans to go public this year, and the company’s board and investors are divided over the best path forward, according to people familiar with the matter. The San Francisco-based […]

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Coronavirus Deaths Top 10,000 Globally

The number of deaths from the novel coronavirus world-wide doubled in a week to more than 10,000 on Friday. Deaths from the pneumonia-causing pathogen have more than quadrupled in the U.S. over the past week to 205, while confirmed infections in the country have surged to 14,250 from around 1,700 on March 13. The majority […]

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Goldman: U.S. Measures Could Support Oil Prices Near Term

Supply restraint by core-OPEC producers could push second-quarter Brent oil prices up to $30 a barrel, while U.S. measures to support the market could underpin prices in the near term, Goldman Sachs (NYSE:GS) said in a research note. Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian price […]

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Stock Market Today: Technology Sector Leads A Turnaround

Stocks turned higher Thursday, erasing losses from earlier in the day as sharp gains in tech shares led to a turnaround. The Dow was up more than 400 points, or 2.1%. The S&P 500 was up 1.5%, while the Nasdaq outperformed with a 3.2% surge. Shares of Netflix and Facebook rose 7.6% and 5.8%, respectively. […]

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World Leaders Rush In To Shore Up Panic-Hit Global Financial System

World leaders raced to shore up panic-stricken global markets on Thursday, pouring liquidity into the financial system as investors everywhere dumped assets, switching to dollars in cash amid the escalating coronavirus pandemic. Policymakers in the United States, Europe and Asia resorted to emergency action as the pandemic left their economies virtually comatose, with quarantined consumers, […]

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Coronavirus Infections Pass 200,000 Globally, Death Toll Tops 8,000

The rapid increase in world-wide cases reflects, in part, how people in many countries were unwittingly transmitting the respiratory virus before governments grasped the scale of the problem. There were more than 205,000 confirmed cases of the disease known as Covid-19 on Wednesday, with infections outside of mainland China—where the epidemic began—now above 124,000, according […]

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Financial Markets Tumbles Again On Recession Fears

Trading in U.S. stock was again suspended almost immediately after the opening on Wednesday, after another huge wave of selling driven by fears of a coronavirus-induced recession. By 10 AM ET (1400 GMT), the Dow Jones Industrial Average was down 980 points, or 4.6% at 20,257 points, having tried and failed to break through the […]

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Amazon Stops Receiving Nonessential Products From Sellers

Amazon is suspending sellers from sending nonessential products to its U.S. and U.K. warehouses until April 5 in the latest move to free up inventory space for much-needed supplies that are in shortage as a result of the coronavirus outbreak. In a note sent to sellers Tuesday, Amazon said it is seeing increasing online shopping […]

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Traders Bet On Falling ‘Fear Gauge’

The volatility gauge tends to rise when markets fall and investors reach for stock protection through the options market. The VIX climbed to 82.69 Monday, topping its high of about 80 in 2008. After the financial crisis, trading derivatives tied to the VIX took off as people sought to profit from its swings. Create Apps […]

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Wall Street Sees Worst Drop Since 1987

U.S. stock markets fell the most since 1987 in early trading on Monday, having been suspended, limit down, almost immediately after trading started, as the shutdown of increasing swathes of public life in the U.S. brought home the scale of the coronavirus outbreak. By 9:50 AM ET (1350 GMT), the Dow Jones Industrial Average was […]

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Oil’s Spectacular Collapse Continues

Oil prices extended the gloom on Monday after a Saudi-Russian price war and an equities meltdown sparked by the coronavirus pandemic saw their biggest weekly losses in more than a decade. US benchmark West Texas Intermediate (WTI) briefly fell below $30 a barrel, or 5.5 percent, in morning Asian trade before regaining its footing. Day […]

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Virus Fears Push Stocks Closer To A Bear Market

The Dow Jones Industrial Average suffered its worst decline since 2008 and at one point came within 65 points of touching a bear market. For the day, the Dow sank 2,013.76 points, or 7.8%, to 23851.02. It was the first time the Dow lost more than 2,000 points in a session. The S&P 500 fell […]

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China January-February Exports Tumble

China’s exports contracted sharply in the first two months of the year, and imports slowed, as the health crisis triggered by the coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity. The gloomy trade report is likely to reinforce fears that China’s economic growth halved in the first quarter to […]

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Financial Markets – Investors Retreat From Stocks

Investors continued to pile into safe-haven assets Friday, pushing the yield on long-term U.S. government bonds to unprecedented levels and setting gold up for its best week in over a decade. The yield on the benchmark 10-year Treasury sank below 0.8% for the first time. Stock futures also retreated, with contracts linked to the Dow […]

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OPEC Agrees To Drastic Oil Cuts

The plan approved Thursday by the Organization of the Petroleum Exporting Countries would involve production cuts of 1 million barrels a day through the end of June to be shared among its 13 member nations. It also calls for another 500,000 barrels of daily cuts to be divided among the cartel’s 10 Russia-led oil-producing allies. […]

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Coronavirus Fears Hammer Europe’s Tourism Industry

The long line to get into St. Peter’s Basilica in Rome is gone. The coronavirus outbreak in Europe is scaring away travelers and hammering tourism just as the high season is getting under way. Thousands of people have canceled their trips to the region since the disease began to spread in Italy last month, drying […]

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Australian Economic Growth Picks Up But Outlook Cloudy On Virus Fears

Australia’s economy expanded by more than expected last quarter, erasing the risk of a recession even as raging bushfires and the coronavirus crisis wreaked havoc with tourism and travel at the start of the new year. Wednesday’s data from the Australian Bureau of Statistics (ABS) showed the A$2 trillion ($1.3 trillion) economy accelerated by 0.5% […]

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Wall Street Tries To Recover From Massive Sell-Off

Stocks rose sharply on Monday in volatile trading as Wall Street attempted to pare losses incurred during the worst week since the financial crisis amid fears of the coronavirus outbreak. The Dow Jones Industrial Average traded 576 points higher, or 2.3%. The S&P 500 and the Nasdaq Composite climbed 2% each. “The market has been […]

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China Economy Seen in Deeper Contraction on Factory Drop

China’s economy could be heading for a worse-than-expected first-quarter contraction after the country’s manufacturing sector reported activity at a record low in February due to the coronavirus outbreak. The manufacturing purchasing managers’ index plunged to 35.7 in February from 50 the previous month, according to data released by the National Bureau of Statistics on Saturday. […]

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Global Markets – Top 5 Things to Watch This Week

The week will start after Saturday’s data showing a record contraction in China’s manufacturing and service sectors because of the coronavirus outbreak, underlining the extent of the potential impact on the broader global economy. Discover 7 Ways to Create a Sustainable, Passive Income for Life – By Robert Kiyosaki. Investors will also be closely watching […]

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China Makes Bad Loans Disappear as Virus Pummels Banks

Chinese banks are taking extraordinary measures to avoid recognizing bad loans, seeking to shield themselves and cash-strapped borrowers from the economic fallout of the coronavirus outbreak. Some of the measures, which include rolling over loans to companies at risk of missing payment deadlines and relaxing guidelines on how to categorize overdue debt, have the explicit […]

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Wall Street Slips Into Correction Territory

Wall Street‘s main indexes fell for the sixth straight session and slipped into correction territory on Thursday, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings. The S&P 500 and Nasdaq are now more than 10% below their intraday record highs hit on Feb. […]

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Ways To Save $5,000 This Year { 2020 }

Discover 7 Ways to Create a Sustainable, Passive Income for Life – By Robert Kiyosaki. Wouldn’t it be nice if money grew on trees? Although you’ll never find dollar bills sprouting from your favorite oak tree, you can uncover money in other places. By spending some time dissecting your spending habits and scrutinizing your expenses, […]

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Pandemic Fears Pummel Stocks

Stocks sunk deeper into the red on Thursday, oil prices fell and U.S. Treasuries rallied into record territory as more signs of the global spread of the coronavirus heightened fears of a pandemic. Global markets have dropped for six straight days, wiping out more than $3.6 trillion in value. Much remains unknown about the virus […]

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Today’s Stock Market News – Oil Prices Fell On Monday

Oil Steadied Above $56 A Barrel After Two Days Of Declines

Oil steadied above $56 a barrel on Tuesday after two days of declines as OPEC output cuts and Libyan supply losses balanced concerns about the spread of the coronavirus and its impact on oil demand. Crude fell almost 4% on Monday, with other commodities also reporting losses while U.S. and European equities suffered their steepest […]

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European Shares Steady As Selling Pressure Eases

European shares bounced back on Tuesday after recording their worst losses since June 2016 in the previous session, with investors assessing the economic hit of a coronavirus outbreak that has spread far beyond China. Markets across the globe attempted to stabilize, with the pan-European STOXX 600 index (STOXX) rising 0.6%. After a 5.4% tumble on […]

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Moderna Inc. Ships First Experimental Coronavirus Vaccine For Human Tests

Drugmaker Moderna Inc. has shipped the first batch of its rapidly developed coronavirus vaccine to U.S. government researchers, who will launch the first human tests of whether the experimental shot could help suppress the epidemic originating in China. Moderna on Monday sent vaccine vials from its Norwood, Mass., manufacturing plant to the National Institute of Allergy […]

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Pandemic Fears Grip Wall Street

Wall Street plunged into the red in early trading Monday as a spike in the number of Covid-19 virus cases confirmed outside of China pushed money out of riskier investments. The Dow dove 905.27 points, or 3.12%, to 28,087.04 at 9:35 AM ET (14:35 GMT) and the S&P 500 fell 93.63, or 2.8%, to 3,245.62. […]

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Shares Drop, Gold Surges As Investors Scurry For Safety

Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East. The large spike in Italian cases has especially rattled investors on concerns about the potential for the […]

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Financial Markets – Top 5 Things to Watch This Week

While China is slowly getting back to normal, fears over the economic fallout from the spread of coronavirus beyond its borders remain to the fore, so remarks by central bank officials from the U.S. and Europe will be watched for their outlook on the global economy. It’s a quiet week for data with durable goods […]

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Stock Trading: 3 Things Under The Radar This Week

Financial markets found themselves at the mercy of coronavirus headlines once again this week. But digging deeper in some market-moving events, the U.S. dollar saw a swift change of its narrative as weekly trading came to a close. Amusement park icon Six Flags admitted that its thrill-ride business needs a major rethink. And Hong Kong […]

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Is It Too Late To Invest In The Soaring Stock Market?

The Dow and Nasdaq are both approaching splashy numerical milestones. The Dow is about 2% away from topping 30,000 while the Nasdaq is less than 2% from 10,000 after hitting a new record high on Wednesday. So is it finally time for investors to bail on stocks? It’s only natural for people to start worrying […]

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30-Year Treasury Yield Drops To All-Time Low Of 1.89%

The 30-year Treasury yield plunged to a record low on Friday as the coronavirus outbreak intensified fears about slowing global economic growth and caused investors to crowd into bonds. A weak reading on the U.S. services economy also helped send yields lower. Make Money Fast Today The yield on the 30-year Treasury bond dropped about […]

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Bank of America warns negative U.S. rates could hurt operations

Bank of America Corp cited the possibility of negative interest rates in the United States as a business risk for the first time in a filing on Wednesday. The unconventional policy measure has been a talking point for President Donald Trump, who has critiqued the Federal Reserve for raising interest rates earlier in his presidency. […]

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Futures Rise on China Stimulus Hopes

U.S. stock index futures advanced on Wednesday as signs of slowing coronavirus infections and expectations that China would take more steps to bolster its virus-hit economy helped investors return to equities after Apple’s sales warning. The number of new coronavirus cases dropped in mainland China, helping world stocks rise, although global health officials cautioned it […]

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U.K. Inflation Accelerates to Its Fastest Pace in Six Months

U.K. inflation picked up for the first time in six months, boosted by the cost of energy, motor fuel and air fares. Consumer prices rose a stronger-than-forecast 1.8% in January from a year earlier, the fastest since July, the Office for National Statistics said Wednesday. Core inflation picked up to 1.6%. The pound erased a […]

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Intesa Sanpaolo launches €4.9bn bid to buy UBI Banca

START TRADING NOW OR TRY A FREE DEMO ACCOUNT Intesa Sanpaolo launches €4.9bn bid to buy UBI Banca < Intesa Sanpaolo, Italy’s biggest domestic lender, has launched a €4.86bn ($5.26bn) takeover bid for its rival UBI Banca in an audacious attempt to kick-start consolidation in Italy’s fragmented banking sector. Just before midnight on Monday local […]

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JPMorgan Says Record Highs in European Stocks Can Last and Widen

European equities are trading at fresh record highs, and JPMorgan Chase (NYSE:JPM) & Co. strategists say the rally can go on and even expand to markets that have been left behind. The Stoxx Europe 600 Index closed at a historical peak last week after earnings optimism outweighed spreading coronavirus fears. To JPMorgan strategists, the fact […]

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Alstom Confirms Talks On Potential $7 Billion Bombardier Deal

French train maker Alstom (PA:ALSO) has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier (TO:BBDb), a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector. A deal could be important for Alstom, maker of the TGV bullet trains which speed […]

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Stock Market: 3 Things Under The Radar This Week

Attention remained on China and the coronavirus this week as stocks and commodities swung on differing reports of the numbers of new cases. Among those headlines and another busy week of earnings, investors may have missed a potential opportunity in the luxury sector, with Wall Street expressing confidence in an Italian-French conglomerate. While Fed chief […]

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OPEC Wants To Raise Oil Prices

◊ OPEC and Oil Prices News ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ The coronavirus outbreak has interrupted economic activity in China with entire cities on lockdown and travel restrictions putting a huge dent in demand for oil. Quite how much this will hit crude demand is unclear — but Chinese energy executives have said oil consumption in […]

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Day Trading: 3 Things Under The Radar This Week

◊ Day Trading News ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ Although closing Friday on a down note, stocks rallied sharply this week as the coronavirus, earnings and employment data took most of investors’ attention (along with the wild swings in Tesla). But among things that may have gone overlooked, two U.K. companies that could be surfing the […]

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Turmoil In Global Gas Market

◊ Natural Gas News China ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ Chinese importers threatening to cancel up to 70 per cent of seaborne imports in February as demand collapses and companies struggle to staff ports. The move by China, the world’s second-largest importer of liquefied natural gas, has sent prices to their lowest level on record and […]

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Tesla Resume Production In Shanghai

◊ Tesla Production In Shanghai ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ U.S. electric carmaker Tesla‘s factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to help it cope with a spreading epidemic of coronavirus, a Shanghai government official said on Saturday. Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic […]

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Wall Street Slips After Jobs Report

◊ Stock Market News Jobs Report ◊ StockMarketNews.Today Wall Street pulled back from record levels on Friday, as investors assessed the U.S. employment report that showed jobs growth accelerated in January but included a downward revision to some previous numbers. Nonfarm payrolls increased by 225,000 jobs last month, the Labor Department’s data showed, much higher […]

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Amazon Says It Will Create 15,000 Jobs In Bellevue

StockMarketNews.Today — Amazon said it expects to bring the 15,000 jobs to Bellevue over the next few years. More than 2,000 employees currently work in Bellevue, and the company has about 700 job openings in the city. The company opened its first office building in Bellevue in 2017. The city is also where Amazon got […]

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German Industry Output Suffers Biggest Slump Since 2009

Stock Market News — German industrial output registered its biggest drop in more than a decade in December, highlighting the weakness of the manufacturing sector that is dragging on overall growth in Europe‘s largest economy. Industrial production tumbled by 3.5% on the month, undershooting expectations for a 0.2% fall, figures released by the Statistics Office […]

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China Cuts U.S. Import Tariffs

Global stocks extended their recovery on Thursday, cheered by record closes in Wall Street benchmarks following encouraging economic data, and after China announced a cut in tariffs on some imported goods from the United States. The tariff relief added to hopes the global economy may be able to avoid a major shock from China’s rapidly-spreading […]

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Ferrari Tempers 2020 Expectations With Cautious Upgrade

Today’s Stock Market News — Demand for Ferrari’s Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020. Ferrari (NYSE:RACE) said it planned to boost adjusted earnings before interest, tax, depreciation and amortization (EBITDA) to 1.38 billion-1.43 […]

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Financial Markets – Top 5 Things to Watch This Week

Stock Market News — Financial markets in mainland China are set to reopen on Monday, after the holiday for the Lunar New Year was extended by the government amid the Coronavirus outbreak. Investors will continue to monitor the global economic fallout from the virus’s progression, which has largely overshadowed earnings season so far. Disney , […]

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Today’s Stock Market News { 1 February, 2020 }

Today’s Stock Market News — U.S. equity markets wiped out their gains for the year on Friday, following European and Asian shares lower as concern escalated about the impact of the coronavirus on global growth. The death toll from the epidemic had risen to 213, Beijing said, with another 9,811 confirmed cases worldwide and a […]

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Traders Pay Up For Protection Against Sharp Falls In US Stocks

Stock Market News Today— Traders have been scrambling to protect themselves from a collapse in US stocks, spooked by the coronavirus outbreak, the looming presidential race and the sheer strength of last year’s rally. The US equity market climbed 29 per cent in 2019 and started this year strongly, but the spreading nervousness has sent […]

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Stock Market: Microsoft Earnings Preview

♦Microsoft Earnings Preview♦ Stock Market —- Microsoft Stock Forecast 2020 * Reports Q2, 2020 results on Wednesday Jan. 29, after the market close * Revenue Expectation: $35.67 billion * EPS Expectation: $1.32 When Microsoft Corporation (NASDAQ:MSFT) releases its latest quarterly earnings today, it will provide investors with confidence that one of the bull market’s dominant […]

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Trading News: 3 Things Under the Radar This Week

Trading News — There’s an ominous technical indicator hovering over the U.S. dollar, which could mean a move away from the greenback. But don’t go looking for value in bitcoin, according to one fund manager speaking at the World Economic Forum in Davos, Switzerland this week. Meanwhile, as lower interest rates have been a boon […]

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Moody’s Cuts Hong Kong Rating

♦ Today’s Stock Market News – Tuesday, 21 January, 2020 ♦ ◊ Stock Market News Today – Tuesday, 21 January, 2020 ◊ StockMarketNews.Today — Moody’s has cut Hong Kong’s credit rating, saying the government’s “slow” and ineffective response to months of protests has prompted it to reassess the Chinese territory’s institutional strengths and governance. Hong […]

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Brussels Briefing – Europe Braces For New Fiscal Battles

♦ Brussels Briefing ♦ Stock Market News — Stock Market Today The EU’s fiscal rules are widely disliked given their impenetrable and convoluted nature — yet it is difficult to avoid setting off political landmines somewhere in the union when any change to them is mooted. In early February, the commission will tread delicately back […]

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Stock Market: 3 Things Under the Radar This Week

♦ Stock Market This Week ♦ Stock Market — Stock markets cheered the much-anticipated signing of the phase one trade deal between China and the U.S. But there are many more trade questions that could either take the deal as a model or see it as a warning sign. The EU and the U.S. may […]

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Stock Market Today: Eurozone Bond Auctions Enjoy Record Demand

♦ Eurozone Bond Auctions ♦ Stock Market News — Records have tumbled across eurozone bond markets this week as investors queue to lend to governments, betting that interest rates in the currency bloc will stay at rock bottom for the foreseeable future. Spain amassed €53bn of bids for its new 10-year bond on Tuesday — […]

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US and China Prepare to Seal ‘Phase One’ Trade Deal

♦ US-China Trade Dispute ♦ Stock Market News Today — The “phase one” deal, to be formalised on Wednesday at a White House ceremony scheduled for 11.30am, is the result of a limited compromise between Washington and Beijing at a time when both countries feared the economic and financial fallout from escalating tensions. It commits […]

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Visa To Buy Fintech Plaid in $5.3bn Deal

♦ Visa To Buy Fintech Plaid ♦ Visa agreed to acquire Plaid, a group that connects fintech companies with their customers’ bank accounts, for $5.3bn in the latest large tech-focused deal by the payments company. The acquisition of the Silicon Valley company, which is backed by high profile tech investors including Mary Meeker and Andreessen […]

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Today’s Stock Market News – Monday, 13 January, 2020

♦ Tech Sector Leads Stocks Higher ♦ StockMarketNews.Today — U.S. equities rose, led by shares of technology companies, in a week expected to be dominated by the start of earnings season and the signing of a partial China trade deal. Apple, Tesla and Microsoft  pushed the Nasdaq Composite Index higher. The Stoxx Europe 600 swung […]

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China’s Currency Extends 2020 Rally

♦ Chinese Currency News ♦ StockMarketNews.Today — China’s currency has gained further momentum — wiping out the heavy losses it took over the summer — amid cooling tensions between Beijing and Washington. The renminbi rallied as much as 0.5 per cent against the US dollar, crossing the Rmb6.9 mark for the first time since August […]

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