Wall Street Week Ahead: Fund rebalancing could help buoy stock rebound
With the S&P 500 having lost around a third of its value in the recent selloff, investors may need to step up their equity purchases and sell bonds in...
Russia calls for new enlarged OPEC deal to tackle oil demand collapse
A pact between the Organization of the Petroleum Exporting Countries and other producers, including Russia (known as OPEC+), to curb oil production to support prices fell apart earlier this...
Bitcoin Firms Report Uptick in Demand for Inheritance Services
Casa Hodl and Unchained Capital said they have seen a dramatic rise in requests for proof-of-death or similar multi-signature wallet schemes that enable customers’ bitcoin to be transferred to...
Capital One got CFTC waiver after oil price plunge increased swap exposure
On Friday, the CFTC said it would temporarily exempt a U.S. bank from a requirement to register as a “Major Swap Participant” even though its growing energy swaps exposure...
Time to buy stocks again, market mavens say
The $2 trillion U.S. fiscal stimulus has triggered big gains in global stocks, sending investors rushing to dust-off models from the 2008 crisis to gauge the right time to...
Dollar gives up losses as coronavirus spreads across U.S
The virus spread beyond the hot spots of New York, California and Washington state as Louisiana and Iowa were declared federal disaster areas.
Investors have taken...
China to resume U.S. LPG imports as Beijing waives trade-war tariff
Importers have rushed to apply for waivers for the 25% tariff to buy the fuel, a by-product from U.S. shale gas production, after Beijing started granting exemptions this month...
European shares jump for second straight session on stimulus bump
The pan-European STOXX 600 index was up 4.2%, with energy .SXEP, autos .SXAP, insurers .SXIP and financials .SXFP jumping between 5.4% and 6.7%.
With an 8%...
Battered sterling wins a respite for time being
Sterling, along with most currencies, has seen a massive wave of selling against the U.S. dollar, the world’s most liquid currency and the safe haven of choice when confidence...
Oil jumps 3% towards $28 on Fed steps to support economy
The Fed on Monday rolled out an array of programs including backing for the first time corporate bond purchases. U.S. Treasury Secretary Steven Mnuchin voiced confidence that a deal...
