Month: March 2020

(Bloomberg) — Equity markets in the Middle East extended losses on Sunday despite regional governments trying to blunt the impact of coronavirus with economic stimulus measures.Abu Dhabi’s main gauge lost the most in the region, while shares in Dubai, Saudi Arabia, Qatar and Bahrain also fell. The losses came after oil tumbled on Friday on concern that the collapse of global energy demand will deepen.Over the weekend, Dubai’s ruler, Sheikh Mohammed Bin Rashid Al Maktoum, asked local banks to offer companies relief, including via repayment deferrals. Emirates NBD PJSC, Dubai’s biggest lender, lost as much as 4.9% as trading resumed. …read more […]

We’re going to be paying close attention to the 50% level at $1473.00 next week. Trader reaction to this level could set the tone in the market over the short-run. The next upside target is $1580.40 to $1610.50. …read more […]

The majors are on the move through the morning. A move through Saturday highs would support a breakout on the day… …read more […]

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Lenders rack up mortgage rates once more to curb demand. The spread of the coronavirus will likely see, both demand and rates begin to fall. …read more […]

Goldman purchased $722.4 million in assets from its GS Financial Square Money Market Fund and $301.2 million from its GS Fund Square Prime Obligations Fund, the bank disclosed on Friday in a U.S. Securities and Exchange Commission filing. Investors had withdrawn a net $8.1 billion from the two funds, putting downward pressure on their liquidity levels, the funds’ disclosed on their websites. Goldman bought securities from the funds at market value as a proactive move and not from any stressed position, Patrick Scanlan, a Goldman spokesman, said on Saturday. …read more […]

(Bloomberg) — Goldman Sachs Group Inc. pumped more than $1 billion into two of its prime money-market portfolios as investors pulled funds during one of Wall Street’s most volatile weeks.The bank bought $722.4 million in assets from its Goldman Sachs Financial Square Money Market Fund last week and another $301.2 million from its Goldman Sachs Financial Square Prime Obligations Fund, according to two filings with the Securities and Exchange Commission late Friday. Combined net withdrawals exceeded $8 billion.The purchases increased the funds’ weekly liquid assets to 42% from 34% for the first product, and to 49% from 44% for the …read more […]

As we continue to face the coronavirus pandemic, people around the world are clearing store shelves to stock up for the outbreak. Here is what people are eating. …read more […]

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As fear over the new coronavirus, or COVID-19, grips the U.S., a diverse crowd of many ages and ethnicities waited out a 2-hour line to purchase firearms and ammunition outside a Sloatsburg, New York, outdoor gear and weapons shop on Saturday. …read more […]