The Chinese manufacturing PMI data was good and bad news at the same time. The January figure fell to 50.0 amid the Chinese New Year holiday and the coronavirus breakout take a toll on the activity as the year began but showed no contraction...
And with the manufacturing and non-manufacturing PMIs dropping below 50, we expect the weakness to continue in 1Q20...
Boeing Co. reported its first annual loss in more than two decades and said the costs from the 737 MAX crisis have climbed above $19 billion. The MAX has been grounded world-wide since last March following a pair of plane crashes within five months of each other that killed 346 people...
European and US equity markets rebounded on Tuesday, as investors started licking their wounds from the coronavirus-led sell-off. The S&P500 (+1.01%) and Nasdaq (+1.43%) surged as technology stocks led gains in the US...
Apple Inc. has shaken free of last year's iPhone slump, posting record revenue and a return to profit growth in the latest quarter behind strong sales of its flagship smartphone as well as apps and AirPods wireless earbuds. The tech giant reported revenue rose 9% in the December quarter to $91...
Nestle SA (NESN.EB) said Monday that it has entered into an agreement with Allergan PLC (AGN) to acquire gastrointestinal medication Zenpep...
Slowing China story continues taking a toll on the global stock markets, this time not because of the trade war but the spreading coronavirus which has taken more than 100 lives thus far as confirmed cases rose by 65% to 4515 in mainland China...
American Express Co.'s fourth-quarter profit declined from a year ago but its revenue increased. The credit-card company's profit was $1.69 billion for the quarter, down 16% from the comparable quarter a year ago. Earnings were $2...
Some Asian markets were closed due to the Chinese New Year holiday. Those that were open took another dive at the start of the week as the death toll due to coronavirus rose to 80 and the virus kept spreading despite containment measures. China, South Korea, Singapore and Hong Kong were closed...
Intel Corp. posted strong fourth-quarter earnings that benefited from an upswing in personal-computer shipments and robust demand for chips to power data centers. The chip maker said adjusted earnings per share in the quarter rose to $1.52 from $1.28 in the year-prior period...
The World Health Organization tried to kill the deadly coronavirus by announcing that it is only a local crisis for now in an attempt to stop the panic from spreading, but the sentiment among traders remained sore in Asia. China and South Korea were closed. Nikkei advanced by a timid 0...
With the coronavirus spreading and the number of casualties rising, Chinese authorities decided to block the traffic in and out of Wuhan a day before the Chinese New Year break. Stocks in Hong Kong and Shanghai tumbled 2% and 3% respectively. Nikkei (-0.97%) and ASX 200 (-0...
STMicroelectronics NV (STM.FR) said Thursday that net profit for the fourth quarter fell year-on-year, while revenue rose amid higher sales. The European semiconductor chip maker said net profit fell 6.2% year-on-year to $392 million, with revenue increasing 4% to $2.75 billion...
Mood in Asian markets was slightly better after Wall Street closed Tuesday’s session in negative. Healthcare stocks outperformed in New York on fears that the spreading coronavirus would increase demand in pharmaceuticals...
Netflix's growth driver continued to be its international user base in the last quarter of 2019, its latest quarterly report showed. The streaming company's earnings, released on Tuesday evening, far exceeded Wall Street's expectations, but slower-than-anticipated growth in the U.S...
UBS Group AG has cut its mid-term guidance after missing its key targets for 2019. The results come as the Swiss bank, one of the world's largest wealth managers for rich clients, is revamping its investment bank and wealth management arms, shedding jobs and reorganizing businesses...
Good news regarding global trade continue flowing in as if to cover up Trump’s impeachment story and keep the market’s attention elsewhere. This time, Trump and French President Macron shook hands to pause their digital tax dispute and prevent an escalation of tariffs this year...
Pivot (invalidation): 58.90 Our preference Short positions below 58.90 with targets at 58.30 & 57.90 in extension. Alternative scenario...
Asian equities started the week on a positive note, except in Hong Kong where anti-China protests, and violence marked another weekend in the city’s streets. Oil gained...
