According to early data analysis of stock trading, news of a breakthrough in the race to find a vaccine for COVID-19 triggered one of the heaviest trading days since the height of the pandemic crisis with trade worth around $2… Read More ›
equities
Equities soar on prospects of gridlock, prefers calm and solace to blue wave
Regardless of who wins the U.S. 2020 elections, some investors have welcomed the prospects that either of the two candidates would most likely face some opposition in the U.S. Congress that would be a barrier to bringing about sweeping changes… Read More ›
NYSE transitions to e-trading from Monday to limit spread of Wuhan coronavirus
A day after an employee and a trader tested positive for the Wuhan coronavirus, the New York Stock Exchange (NYSE) said, it will temporarily close its trading floors and move fully to electronic trading from Monday, said Intercontinental Exchange Inc,… Read More ›
CME Group closes trading floor on coronavirus concerns
Exchange operator CME Group Inc stated, it would close its Chicago trading floor after business hours on Friday in order to reduce potential exposure to China’s coronavirus which has gone pandemic. China’s coronavirus, which began in Wuhan where Beijing has… Read More ›
Gold prices touch $1700 per ounce for the first time in 7 years
On Monday, for the first since late 2012, gold prices surged past $1,700 per ounce levels following a widening China’s coronavirus outbreak worldwide even as crude oil prices along with equities touched new lows as investors scurried for safe havens…. Read More ›
Pandemic fears spreads, markets shed $3 trillion
On Thursday, with China’s coronavirus continuing to spread at its fastest pace outside China, shares continued to plunge downward wiping out more than $3 trillion in value in this week alone. U.S. Treasuries yields also hit their record lows on… Read More ›
Investors dump stocks midst “bearish paralysis” on Wall Street
Investor appetite for equities saw a low following growing global uncertainties. They have channeled $11.1 billion in the bond market as of Wednesday. On Friday, Bank of America Merrill Lynch disclosed, $11.1 billion flowed into the bond market in the… Read More ›
World’s largest sovereign wealth fund should increase exposure to North Americans markets
Norway’s central bank is advocating a significant change in strategy in the way the Government Pension Fund Global, the world’s largest sovereign wealth fund, operates. According to fund manager of Norway’s $1 trillion sovereign wealth fund, which happens to be… Read More ›
Foreign investors sold Japanese equities worth $7.06 billion in May-June 2018
Having purchased substantially in the first half of the month, foreign investors turned net sellers once the Trump Administration raised the ante, escalating the trade dispute into a potential trade war against Chinese imports to the U.S. aimed at balancing… Read More ›
Deutsche Bank to slash global headcount by 25%
The move is part of Deutsche Bank‘s strategy of to turn the corner and become profitable once again. On Thursday, Deutsche Bank disclosed it plans on reducing its global staff to levels below 90,000, down from 97,000, as part of… Read More ›
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