Cuban rules to allow more small businesses spark hope and frustration

© Reuters. FILE PHOTO: Coronavirus disease (COVID-19) outbreak in Havana By Marc Frank HAVANA (Reuters) – Communist-run Cuba’s decision to open more of its economy to small private businesses and individual initiative has sparked praise among many analysts and entrepreneurs but also frustration among some. The measure announced last weekend expanded activities where small business […]

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Vaccine Hiccup, DoorDash, AirBnB IPOs, Stimulus Hope – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — U.K. regulators flag allergic reactions to the Pfizer/Biontech vaccine. DoorDash raises nearly $ 3.4 billion in a blockbuster IPO and AirBnB is expected to price later. Stocks edge up as politicians continue stimulus dance and the yuan hits new highs despite inflation dipping below zero for the first time […]

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Pound Traders Snap Out of Brexit Hope and Brace for Any Outcome

© Reuters. Pound Traders Snap Out of Brexit Hope and Brace for Any Outcome (Bloomberg) — Pound traders who were jolted by the reality that the U.K. could leave the European Union without a trade deal are rethinking their positions ahead of crisis talks in Brussels. The relative cost of hedging against a weaker pound […]

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Gold Up, Poised for $1,900, on US Election Jitters, New Stimulus Hope

© Reuters. By Barani Krishnan Investing.com – Gold prices rose Friday, appearing poised to return to the key $ 1,900 level, as the safe haven crowd leveraged on uncertainty over next week’s U.S. election and that the winner will attempt to undertake a new major Covid-19 stimulus for the economy. New York-traded settled at $ […]

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Trump aide Hope HIcks test positive to COVID-19

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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US stocks surge on increased hope for a coronavirus cure

Moderno coronavirus vaccine passes phase 1 targets Before the opening, Monderno announced that phase I tests for a coronavirus vaccine were positive. That helped to send the Dow industrial average up around 600 points in premarket trading. It is ending the session with the index moving up over 100points in the last hour of trading before rotating a little lower before […]

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False Hope: Hubei Experience Suggests EU and US may Need to Extend Lockdowns

On Monday, we observe moderately upbeat sentiments in Asian and European stock markets backed by hopes that Saudi Arabia and Russia will still be able to “make peace” despite Trump’s weekend U-turn and abrupt decline in new cases of Covid-19 infection: The VIX volatility index, which is now a useful measure of general virus-related level […]

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ForexLive European FX news wrap: Risk gains on hope of better days to come

Forex news from the European trading session – 6 April 2020 Headlines: Markets: AUD leads, JPY lags on the day European equities higher; E-minis up 3.8% US 10-year yields up 5.5 bps to 0.65% Gold up 1.3% to $ 1,642.25 WTI down 2.7% to $ 27.57 Bitcoin up 5.9% to $ 7,101 The market is […]

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