Morgan Stanley: Buy the dips

In their Sunday market analysis, Morgan Stanley advised their customers to buy in the next dip 1. Monday lows will hold 2. Will not get an equally “fat pitch” again in this cycle 3. Fiscal & Monetary response better than expected and will be enough 4. The liquidation event / capitulation event has already happened […]

What to expect from the US markets today

The major US index futures are moving without much change from their closing levels yesterday, with most market participants awaiting today’s release of US jobless claims and final GDP data for the fourth quarter of 2019. S&P 500 futures were trading down 25 points or 1.05% lower, Nasdaq futures down 64 points or 0.8%, while […]

“The V-shaped recovery in China”, JP Morgan comments

According to JP Morgan, China is experiencing a V-shaped economic recovery and 57% growht is expected in Q2. “V-shaped recovery is still taking shape in China for 2Q, and we expect a strong rebound to 57% growth quarter-on-quarter after a 41% contraction in 1Q. Active infections are now at one-tenth of the peak level, and […]

U.S. Stock Futures Jump After Dow’s Worst Day Since 1987

U.S. stock futures and European indexes recovered some ground a day after Wall Street’s worst day in more than three decades. Futures tied to the Dow Jones Industrial Average rose 4.3%, suggesting that blue-chip stocks may open higher in New York. U.S. stocks plunged Thursday, with the Dow falling 10% as the rapidly spreading coronavirus drove […]

PBOC announces RRR cut for some banks

– To cut RRR by 0.50% to 1.00% for banks under its inclusive finance scheme– Cuts RRR by additional 1.00% for joint-stock banks– Targeted RRR cuts to unleash ¥550 billion to the banking system The cuts will go into place 16 March as China and it is consistent with the central bank’s policies over the […]

US futures fall again by 5%, another day with reached limit level

Two limit down days in a week is definitely not a good sign and with the bears having just introduced there self yesterday, it looks like more pain is set to come. European equities are now nearing 7% losses on the day with Treasury yields staying pressured too. 10-year yields are now down by 16 […]

Iran asks IMF for $5 billion to assist with coronavirus efforts

Iran is the first country asking the IMF for assistance on the virus crisis. Is this considered a bailout? The situation faced by many countries around the globe is quite unprecedented and it is not like any particular country has to restructure its policies or programs as this is mainly a health issue. It seems […]

Strongly negative sentiment before the start of the European stock exchange session

Expectations for European markets are expected to open lower today as investors respond to President Donald Trump’s decision to impose restrictions on European travel to the US to prevent the spread of coronavirus. Indicative prices at the moment: DAX – 626 points lower, at a price of around € 9779. CAC 40 – 279 lower, […]

Bank of England decrease base rate from 0.75% to 0.25% – GBP short are more likely

The Bank of England on Wednesday announced an emergency cut in interest rates in an attempt to curb the economic impact of the new coronavirus. The announcement follows a similar decision by the US Federal Reserve last week. “At its special meeting ending on March 10, 2020, the Monetary Policy Committee (MPC) voted unanimously to […]