Insights
Oil prices snap back.
U.S. oil jumped 23% on Thursday, putting it on track for its best day on record, clawing back more than half of the losses from Wednesday’s steep slide. U.S. West Texas Intermediate rose 23.4%, or $4.77, to trade at $25.12 per barrel. International benchmark Brent crude jumped 9.5%, or $2.37, to trade at $27.29 per barrel. The sharp […]
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By MoneyWay
Federal Reserve adds additional stimulus
U.S. stocks rebounded from the biggest rout since 1987 after the Federal Reserve reintroduced additional crisis-era tools to stabilize financial markets roiled by the coronavirus. Treasuries slipped and stresses appeared in the short-term funding and front-edit credit markets. Investors continue to struggle to adjust to an unprecedented upheaval in social interactions that looks set to plunge the […]
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Global markets still in a downward fashion, WHO raises risk level
World Health Organization officials said Friday they are increasing the risk assessment of the coronavirus, which has spread to at least 49 countries in a matter of weeks, to “very high” at a global level. Outside China as of Friday morning, 4,351 cases across at least 48 countries have been confirmed, including 67 deaths, WHO […]
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Global markets taking a breather, oil still negative
Global equities have turned upward on hopes that the Covid-19 may have peaked within China, outside China, things are getting worse. South Korea reported 169 new cases, now totaling 1,146 cases, Italy’s numbers tripled over the last two days to 374 cases, and in Iran no one knows exactly as it is perceived that the […]
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Oil prices go down, Canadian dollar goes up
Global equity markets are turning negative as news of the coronavirus cases have now impacted other parts of the world. Canada has reported what they called a “sentinel event” with the detection of the covid-19 in a woman who had never travelled to China. The woman instead had recently returned to British Columbia from Iran, […]
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Markets turning upbeat on further potential Chinese economic stimulus
Equities advanced on signs that China may be planning further measures to stimulate its economy as it reels from a virus-induced slowdown and after U.S. data pointed to solid growth. Investors appear relatively confident in the ability of policy makers to contain fallout from the deadly coronavirus, even after Apple Inc. scared markets earlier this […]
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