Jun.14 -- China has reported 49 new coronavirus cases as fears mount of a second wave. 36 of those cases are in Beijing linked to a market which is now closed. Bloomberg’s John Liu reports on “Bloomberg Daybreak: Asia.”...
Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could weigh on the recovery of fuel demand. Brent crude futures fell 89 cents, or 2.3%, to $37.84 a barrel by 0302 GMT, while U.S. West Texas Intermediate crude futures were down $1.18, or 3.3%, to $35.08 a barrel....
Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery. Brent crude futures fell 66 cents, or 1.7%, at $38.07 a barrel as of 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2.2%, to $35.45 a barrel. Both benchmarks ended down about 8% last week, their first weekly declines since April, hit by the U.S. coronavirus concerns: More than 25,000 new cases were reported on Saturday alone as more states, including Florida and Texas, reported record new infection highs....
(Bloomberg) -- The cycle in financial markets in the wake of the Covid-19 shock should be more “normal” than expected in the second half of the year, with gains likely in credit and value stocks, according to Morgan Stanley.Markets are underpricing the extent to which things could follow a fairly typical playbook of emergence from a recession, strategists led by Andrew Sheets wrote in a note dated June 14. They added that they’ll be watching the risks from trade tensions, politics and the coronavirus for any signs the recovery could be derailed.“While outright gains look modest, fundamentals, valuations and technicals all support more rotation toward traditional early-cycle beneficiaries,” the strategists said. “The economic recovery will look more ‘normal’ than abnormal.”Morgan Stanley Economists Double Down On V-Shape Global RecoveryThe best reward for the risk involved is in owning credit and selling volatility, they said, while also recommending a reduction in government-bond positioning...
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]...
In this article we will take a look at whether hedge funds think Anavex Life Sciences Corp. (NASDAQ:AVXL) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get […]...
Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% with Australian shares off 0.1% and South Korea easing 0.3%. Japan's Nikkei faltered 0.7%....
