Market Overview - Page 416

Oil giant Royal Dutch Shell reported a sharp fall in full-year net profit on Thursday, citing challenging macroeconomic conditions and lower oil and gas prices. Net income attributable to shareholders on a current cost of supplies (CCS) basis and excluding.

OPEC’s battle to support oil prices as China’s coronavirus spreads internationally shows the producer group is struggling to wield the same influence over global crude markets, energy analysts have told CNBC. It comes amid speculation that OPEC and non-OPEC producers,.

Market overview Markets shrug off fears of the spread of coronavirus. Influence on markets is becoming more selective (at the level of companies and sectors, rather than the overall risk-off). Now focus of market participants turns to monetary policy and.

Yesterday, we saw a strong rise in bitcoin above the $9,000 resistance. We even discussed the chances of more upsides towards $9,500, considering a successful close above the $9,000 level and the 100 hourly simple moving average. BTC price did.

Markets continue to carefully buy stocks that have slipped through the fears of coronavirus spreading from China. Robust data from the US helped to change the sentiment of market participants, from positive company reports to macroeconomic indicators exceeding expectations. Futures.

Shares in Hong Kong plummeted in Wednesday afternoon trade as the city’s markets returned from a holiday amid coronavirus fears. The Hang Seng index dropped almost 3% in early trade, before declining 2.81%, as of its final hour of trading..

Apple reported iPhone revenue of $56 billion for its fiscal first quarter on Tuesday, blowing past analysts’ estimates, proving that the new iPhone 11 is off to a strong start. IPhone revenue for the quarter rose 8% from a year.

Markets are underestimating the potential fallout of the coronavirus outbreak, which could be a “Lehman-type” moment for the global economy, according to economic research firm AdMacro. Chinese officials on Tuesday confirmed that the death toll from the virus, which originated.

Ethereum (ETH) along with most other major altcoins has been able to post a decent climb today, with the crypto rallying into the $170 region while Bitcoin pushes up towards $9,000. It is important to note that this rally may.

Stocks in Asia declined on Tuesday amid fears about the ongoing coronavirus outbreak that continues to spread. South Korea’s Kospi dropped 3.09% to close at 2,176.72. In Japan, the Nikkei 225 shed 0.55% to close at 23,215.71 while the Topix.

Chinese health authorities said Tuesday that the coronavirus outbreak has killed 106 people and infected 4,515. The officials also said 60 people had been discharged. The majority of the reported cases are in mainland China, where local authorities have quarantined.

While the news of coronavirus spreading remains quite alarming, on Tuesday markets are either showing some risk demand or just moving in flat, avoiding further decline. It seems that participants are deciding to cautiously “buy the dip”. This dynamic is.