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Oil prices extended losses to about 3% on Friday after U.S. President Donald Trump said he has tested positive for COVID-19, while agreement on a U.S. stimulus package eluded negotiators amid ongoing worries about demand. Brent crude slipped on the Trump news and was down $1.12, or 2.7%, at $39.81 a barrel by 0710 GMT. U.S. and Brent cruse are heading for drops of around 5% and 6% respectively this week for a second consecutive week of declines....
Oil prices fell nearly 1% on Friday, extending losses into a second day as rising production of crude comes amid a worsening COVID-19 pandemic which threatens to bring more restrictions on movement and consumption that will likely hit demand for fuel. Brent crude was down 36 cents, or 0.9%, at $40.57 a barrel at 0055 GMT, after falling more than 3% on Thursday. U.S. oil is heading for a drop of nearly 5% this week, while Brent is on track to fall more than 3%, in a second consecutive week of decline for both contracts....
Oct.01 -- The House of Representatives passed a $2.2 trillion Democrat-only fiscal stimulus package after talks between House Speaker Nancy Pelosi and U.S. Treasury Secretary Steven Mnuchin failed to yield a bipartisan agreement. Bloomberg’s Laura Davison reports on “Bloomberg Daybreak: Asia.”...
(Bloomberg) -- Tens of millions of dollars in options trades linked to the biggest American technology companies have again surfaced in U.S. markets, weeks after the Japanese conglomerate SoftBank Group Corp. was linked to similar wagers.Amazon.com Inc., Facebook Inc. and Netflix Inc. were among companies that saw block trades of call contracts Thursday, representing speculation on movements in their shares through the first months of next year. Call options are bullish bets by themselves but can also be paired with other positions as part of a hedge.The identity of the buyer wasn’t known. Analysts noted a resemblance to a series of wagers made by SoftBank over the summer, which entailed billions of dollars of call purchases in tech stocks. Those “Nasdaq whale” wagers -- combined with an explosion in buying by individuals and day traders in short-dated options -- were theorized by some analysts to have created a bullish feedback loop...
Gold’s reversal from all-time highs … the factors behind recent weakness … why Eric Fry sees big gains returning for the yellow metal
First, an apology …
Yesterday, we planned to publish the Digest at 2 p.m. ET. In it was a reminder to join Louis Navellier for his Moneyball Multiplier Challenge event at 4 p.m. ET.InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Unfortunately, due to a technical outage, the Digest published beyond its intended time. Given this, readers might have felt puzzled seeing a reminder to join an event that had already taken place.
If you were among that group, apologies for the confusion. But the good news is you can watch a replay of the entire event by clicking here.
If you’re looking to shore up your retirement finances, or simply grow your nest egg, tune in to learn how Louis’ “quant” strategy can help.
Now, onto today’s Digest … ***So, what happened to gold?
After setting a record-high in early August,...
A wave of risk aversion swept markets on Friday after U.S. President Donald Trump said he and his wife had tested positive for COVID-19 and will isolate, weeks ahead of the elections. Shortly before 0500 GMT, Trump said on Twitter that he and his wife had been tested for coronavirus after Hope Hicks, a senior advisor who recently traveled with the president, tested positive. U.S. stock futures fell on the news and Treasury yields dipped....
Stocks sold off and investors quit riskier assets on Friday after U.S. President Donald Trump said he and his wife had tested positive for the coronavirus and would isolate, four weeks before U.S. elections. U.S. stock futures fell and European shares opened lower, although they recovered some losses in early London trading after the initial overnight move. Shortly before 0500 GMT, Trump said on Twitter that he and his wife had been tested for coronavirus after Hope Hicks, a senior advisor who recently traveled with the president, tested positive....
