Kobe Bryant said he wanted to be remembered more for investing than basketball
Retired L.A. Lakers superstar Kobe Bryant, who died in a helicopter crash on Sunday, told CNBC in 2016 he hoped people would remember him more for investing than basketball in 20 years. “Playing basketball, the focus is always on winning...
One Big Reason Traders May STILL Be Underestimating Coronavirus Risks
Well, that was a brutal weekend to be sure: The tragic death of basketball legend Kobe Bryant, reports of three rocket strikes on the US embassy in Baghdad, and the continued spread of coronavirus dominated the airwaves. While each of...
US new home sales drop in December for the third straight month
Home under construction in Montgomery, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of new U.S. single-family homes unexpectedly fell in December, likely held down by a shortage of more affordable homes, but the housing market remains supported by...
USDCNH Appreciates Despite Looming Medium-Term Downtrend
The Renminbi’s recent push up from 6.8440 has returned the pair to levels seen at the end of last year. Buyers are attempting to breach an important region from 6.9790 to 6.9865 on the daily timeframe, where a bearish crossover...
Global Stocks in Crash Mode on Coronavirus, Commodity Currencies Pressured
Global stock market could be considered in crash mode as worries over China’s coronavirus continues to intensify. Confirmed infections in China jumped to 2835, according to latest information from state media. Death toll continues to stand at 81. WHO Director-General...
Chance of BOE Rate Cut Balanced, as Weak Inflation is Offset by Strong Business Sentiment and Job Market
The market is mixed regarding whether BOE will lower the Bank rate at the upcoming meeting. Now the dust has settled for Brexit, the focus is turned to BOE’s monetary policy decision. Weakening in inflation suggests that a rate cut...
WTI Oil Outlook: Crude Oil Falls Further After Gap-Lower Opening As Virus Concerns Weigh Heavily
WTI oil price started the week with 130-pips gap lower and extended to the levels last traded in early Oct, pressured by concerns that virus spread could have strong negative effect on oil demand. The price holding firmly in red...
Business survey suggests US labor market may have peaked
A “We’re Hiring” sign at a Target location in New York, December 14, 2019. Scott Mlyn | CNBC There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in...
Capital markets: How to enter China
By Rebecca Feng Foreign banks are rightly excited about their chances of getting unfettered access to China’s capital markets. They can already own 51% of onshore securities joint ventures – the China Securities Regulatory Commission (CSRC), headed by Yi Huiman,...
Coronavirus Spread Strengthens Yen, Weakens AUD…
JPY strengthened, while the Aussie weakened against the USD on Friday and during today’s Asian session, as worries about the spreading of the coronavirus increased further. China announced that it will extent the New Year holiday to February 2nd in...