January 13, 2021 @ 6:54 pm | Breaking News |
Today, January 13, China recorded the highest one-day case total in more than five months, according to the country’s National Health Commission. Most of the new patients recorded in Tuesday’s figures were near the capital, Beijing, but a province in north-east...
December 30, 2020 @ 7:31 pm | Breaking News, You May Have Missed |
A coronavirus vaccine developed by Chinese drugmaker Sinopharm is 79% effective in protecting people from the coronavirus, according to interim data released Wednesday by the company Sinopharm.. The results for the two-shot vaccine were based on interim analysis from...
November 30, 2020 @ 10:30 pm | Breaking News, FCX, SCCO, ZNH |
China’s official Purchasing Managers Index for Manufacturing rose to 52.1 in November. The was up from 51.4 in October. And beat the 51.5 median estimate from economists surveyed by Bloomberg. The index for the non-manufacturing sector climbed to 56.4 in...
February 26, 2020 @ 7:49 pm | Breaking News |
It was less obvious today when there were other splashes of green among global stocks. But on Monday and Tuesday, the trend was readily apparent since so few stocks moved up on those days and so much of the market was colored a bright red. Oddly enough some China...
February 25, 2020 @ 7:44 pm | Breaking News |
The Standard & Poor’s 500 opened higher today–by 0.65%–a typical reaction the day after a big drop. But stocks quickly reversed direction and by 11:20 a.m. New York time on Tuesday morning, the S&P 500 was down 1.33%. One of the big...
February 24, 2020 @ 7:37 pm | Breaking News |
What’s different this week? Why is the market plunging today on coronavirus fears when last week it shook off the news? Because the last few days have brought news that the coronavirus isn’t limited to China anymore. From Italy comes a report that the...
February 20, 2020 @ 7:54 pm | Breaking News |
Today Japan reported the first two deaths from coronavirus among passengers quarantined on the Diamond Princess cruise liner, South Korea reported its first fatality, and new cases in Iran sparked fears that the disease is spreading in the Middle East. China tallied a...
February 17, 2020 @ 7:24 pm | Breaking News |
We still don’t know if the coronavirus epidemic is slowing in China–the latest report shows deaths in China up 105 to 1,770 and the official number of cases climbing in mainland China to 70,548. Hubei province has reported 1,933 new cases, up from 1,843...
February 13, 2020 @ 6:47 pm | Breaking News |
The calming words from the World Health Organization after Chinese health officials added 13,3000 cases to the total in Hubei province is that this is just a change in how cases are reported and NOT an indication that the epidemic, which has looked to be slowing over...
February 10, 2020 @ 7:06 pm | Breaking News |
Workers at Hon Hai Precision Industry (also known as FoxConn) were originally to be back at work at Apple’s (AAPL) largest manufacturing partner for iPhones today February 10. Then last week the company told workers to stay away from its Shenzhen headquarters...
February 7, 2020 @ 7:53 pm | Breaking News |
The U.S. economy added 225,000 jobs in January, well above the average 175,000 jobs added per month in 2019. And still markets fell. The Standard & Poor’s 500 dropped 0.54% and the Dow Jones Industrial Average closed down 0.94%. The NASADAQ Composite...
February 6, 2020 @ 7:11 pm | Breaking News |
This was the summary of the coronavirus emergency at this morning’s World Health Organization press conference: As of this morning there are 28,060 confirmed cases of the coronavirus in China and 564 deaths. Outside China, there are 225 cases in 24 countries and...
February 5, 2020 @ 7:33 pm | Breaking News |
Stocks took off out of the gate this morning on reports on Chinese television that said a drug being tested by researchers at Zhejiang University in China was effective against the virus. That speculation got further traction on news that China had started a clinical...
February 4, 2020 @ 10:56 pm | Breaking News |
Chinese president Xi Jinping is NOT the face of the country’s fight against the spread of the coronavirus. He has not been pictured in the customary emergency photos visiting hospitals, doctors or patients. As the crisis ramped up, it was the premier, Li...
February 3, 2020 @ 6:44 pm | Breaking News |
Selling in Shanghai and Shenzhen A shares, which trade on those two mainland China exchanges with limits on overseas ownership, drove prices on those two exchanges lower today with the Shanghai Composite down 7.72% and Shenzhen A shares down 8.41% at the close. This...
February 2, 2020 @ 9:47 pm | Breaking News |
The CSI 300 Index (of the 300 largest stocks traded on the Shanghai Stock Exchange) plunged as much as 9.1% on Monday morning as the Shanghai Stock Exchange opened for trading for the first time since January 23. By 10:15 a.m. Monday in Shanghai (9:15 p.m. in New York...
February 1, 2020 @ 10:09 pm | Breaking News |
That 4.8% growth in the first quarter would come after 6% growth in the fourth quarter of 2019. The bank also cut its forecast for growth for the full 2020 year to 5.5% from 5.8%. Granted this is just one forecast at a time of extreme uncertainty. But I would note...
February 1, 2020 @ 6:45 pm | Breaking News |
The big event of the week will take place at the very beginning of the week when the Shanghai Stock Exchange reopens for trading after being closed for a week for the New Year’s holiday. Mainland Chinese investors have been left on the sidelines unable to trade...
January 31, 2020 @ 7:26 pm | Breaking News |
The Shanghai Stock Exchange can be extremely volatile. Which is one reason that investors and traders are moving to the sidelines in U.S. and overseas markets today ahead of the reopening of the Shanghai exchange on Monday. So how volatile is volatile? The comparison...
January 31, 2020 @ 7:21 pm | Breaking News |
As of 3 p.m. in New York today, the Standard & Poor’s 500 was down 1.56% and the Dow Jones Industrial Average was lower by 1.89%. The NASDAQ Composite was holding up better with only a 1.27% drop. The small cap Russell 2000 continued as the weakest of the...
January 30, 2020 @ 7:28 pm | Breaking News |
U.S. markets continued to show a muted recovery from fears of the coronavirus outbreak today. The Standard & Poor’s 500 closed up 0.31% after spending time in the early afternoon in the red. The Dow Jones Industrial Average finished up 0.43% and the NASDAQ...
January 29, 2020 @ 7:54 pm | Breaking News |
The Standard & Poor’s 500 finished the day down a scant 0.09%. The Dow Jones Industrial Average was up 0.04%. The NASDAQ Composite was ahead 006$% and the Russell 2000 small cap index dropped 0.55%. The iShares MSCI Emerging Markets ETF ended the day higher...
January 29, 2020 @ 7:31 pm | Breaking News |
The bad news: The official death toll in China from coronavirus has risen to 132 with 5,974 cases confirmed of people infected with the virus. The number of patients infected now exceeds that in the SARS pandemic of 2002-2003. The death toll, thankfully, is much lower...
January 28, 2020 @ 8:13 pm | Breaking News, Jubak Top 50 Portfolio, Sell, Volatility, ZNH |
Airline stocks have been among the hardest hit equities in the coronavirus selling. As the biggest airline in China and indeed in all of Asia China Southern Airlines (ZNH) has sold off especially quickly. The New York traded ADRs sold at $35.41 on January 14 and were...
January 28, 2020 @ 7:59 pm | Breaking News |
U.S. stocks are up today with the Standard & Poor’s 500 climbing 1.19% as of noon New York time and the Dow Jones Industrial Average ahead 0.90%. The NASDAQ was higher by 1.49% but the small cap Russell 2000 slipped 0.20%. The iShares MSCI Emerging Markets...
January 27, 2020 @ 6:51 pm | Breaking News |
The news from China and about the coronavirus continues to get worse. The death toll has climbed to 82, and at least 2,800 cases have been reported in China. And it doesn’t look like the outbreak has been contained with health experts questioning the efficacy of...
January 24, 2020 @ 7:41 pm | Breaking News |
China has clamped travel restrictions on 40 million people on the eve of the Lunar New Year’s holiday in an effort to contain an outbreak of a respiratory virus that has killed at least 39 people in the country. France has reported the first two cases in Europe...