Morning all. Markets are on the up this morning with some optimism from improving case statistics from Europe and the US reporting drop in new daily cases. President Trump also jumped back on the bandwagon of suggesting they’ve got to get the country open soon and that things are improving […]
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Morning all. I saw this story earlier and it added to my thoughts that markets are not paying enough attention to what is going on in Asia at the moment with regard to the COVID-19 outbreak. Singapore has just announced that they will close schools and most workplaces, except for […]
Morning all. Markets showed a little bit of optimism this morning, I think centred around a move up in Oil and news from China that more of the manufacturing sector was back up and running. Attention now seems to be shifting to US Jobless Claims data that is due in […]
Afternoon all. I’ve spent some time this morning reading through a report by Mckinsey & Co., which looks at the implications of COVID-19 for business and economies. A part of this that stuck out to me is the development of 9 scenarios they see as part of a range of […]
Morning all. It looks like markets are going to start the month on the back-foot as finally, Trump’s propaganda machine finally collapsing under the stark reality that the US is heading towards a crisis. It’s been quite incredible to see the media and his medical experts continue to let him […]
Evening all. Finally it’s month end and quarter end. And what a 1st quarter it has been. Some history was made with substantial losses taken on some major exchanges. ” The Dow and S&P 500 had their worst first-quarter performances ever, losing 23.2 and 20%, respectively. The Dow also had […]
Morning all. Markets on the rise this morning, latching on to the positive manufacturing data from China, but also extending on the strong end to the session in the US yesterday. I think the optimism surrounding manufacturing pickup in China should be viewed with caution. In February they were effectively […]
Morning all. US futures having been trying to pick themselves up since the gap down last night, and they’ve made pretty good progress. Trump finally had to give up on his Easter reopening of the US yesterday as he extended the social distancing measures in place to the end of […]
Afternoon all. I was looking at the weekend futures on IG and noticed that following Trumps decisions not to quarantine New York, they have recovered a bit. https://www.reuters.com/article/us-health-coronavirus-usa/trump-drops-idea-of-new-york-lockdown-as-u-s-death-count-crosses-2000-idUSKBN21E27W I feel this is temporary relief though and as I continue to look at the news stories out there getting increasingly concerned […]
Morning all. I could not believe what I was hearing from Trump last night during the daily Task Force Briefing. After the various COVID-19 stats released yesterday, and following updates from various state Governors I really thought he would start altering his tone to reflect to gravity of the situation. […]