Financial market research and analysis

Our analysts have their fingers on the pulse of the world's financial market news.

CFD trading is high risk and may not be suitable for everyone.
A "double shot" of vaccine optimism

The Dow Jones has closed at another record high thanks to trial results showing that the Moderna COVID-19 vaccine is nearly 95% effective.


• Asia-Pacific shares were mixed on Tuesday as vaccine hopes once again lifted Wall Street to record highs. Airline stocks got a boost;
• Oil prices edge higher ahead of OPEC+ meeting, vaccine hopes;
• Airbnb on Monday released its prospectus to debut on public markets. The company made a $219 million profit last quarter on revenues of $1.34 billion last quarter. That was down nearly 19% from $1.65 billion in revenue a year prior;
• Coronavirus updates: California pulls an ‘emergency brake’ on reopening as U.S. cases cross 11 million;
• Warren Buffett's Berkshire Hathaway reveals stakes in AbbVie, Merck, Pfizer, and other 'big pharma' stocks;
• Spanish bank BBVA in merger talks with Sabadell.

What else?
• CNBC's Jim Cramer says he’s never seen such resilient stock buyers before in the market;
• Longtime hedge fund manager and activist investor Daniel Loeb, manager of Third Point, continued to bet on Disney and e-commerce giants in the third quarter, and added new positions in Pinterest, Palantir and Microsoft;
• Saudi Aramco plans debt market comeback with multi-tranche bond deal;
• PNC to buy U.S. operations of Spanish bank BBVA for $11.6 billion. This is the second-largest U.S. banking deal since 2008 crash;
• Goldman investment bank co-head Gregg Lemkau quits for Dell fund;
• The creator of the Pfizer-BioNTech vaccine says life could return to normal by next winter;
• Sweden unveils tougher coronavirus restrictions. Europe’s outlier on Covid-19 is forced to step up measures to fight the virus as cases surge.
Earnings update
• Vodafone Group PLC: met expectations with a 2.6% rise in full-year core earnings to 14.9 billion euros ($16.10 billion), but said it could not predict the current year outcome. The stock rose by nearly 7% during regular session;
• Tyson Foods Inc posted solid fourth-quarter fiscal 2020 results, with the top and the bottom line increasing year over year and surpassing consensus estimates. The stock gained nearly 4% in the regular session.
The Day Ahead
• Earnings: Walmart (WMT), Home Depot (HD), Experian PLC (EXPN LN), Imperial Brands plc (IMB LN), NIO ADR (NIO);
• Macro: U.S. Retail Sales, U.S. Industrial Production, Japanese Trade Balance.

Quote of the day
"Never under any circumstances take a sleeping pill and a laxative on the same night.” – Dave Barry.


U.S. stocks jumped on Monday after preliminary coronavirus vaccine data from Moderna further lifted expectations of a strong economic recovery. The S&P 500 rose 1.2%, posting an all-time closing high. Stocks that would benefit from the economy reopening led the way higher. United Airlines was up 5.2%, and Carnival closed 9.7% higher. Moderna shares jumped nearly 10% on the day. European stocks close higher on vaccine hopes; BBVA up 15% as it agreed to sell its U.S. business to PNC for $11.6 billion. Bitcoin soared to over $16,800, its highest level since $16,800. Oil prices ended the day higher on vaccine hopes presumably, but once again staled at $42 and faded back.

Moderna said Monday that its coronavirus vaccine was more than 94% effective during a late-stage trial. The promising announcement makes the Massachusetts-based biotech firm the second drug maker to say it has a potentially effective vaccine.


Thanksgiving crypto carnage
Bitcoin alongside other major cryptocurrencies dived double digits in a huge Thanksgiving sell-off after coming close to the record high set in December 2017 MARKETSNews• Asia-Pacific markets are little changed this morning. Bitcoin and altcoins are stable fol… Read more


Global stocks set for best month EVER
MARKETSNews• Stocks in Asia-Pacific struggled for direction in Thursday trade as investors reacted to minutes released overnight from the U.S. Federal Reserve’s November meeting; • The Fed weighed adjusting bond purchases to provide more help to economy ‘fairl… Read more


Dow hits 30k for the 1st time
The Dow Jones Industrial Average, America's oldest equity benchmark has closed above 30,000 for the first time on record. MARKETSNews• Japan’s Nikkei is up nearly 2% as Asia-Pacific shares mostly rise after Dow surges to a new record;• Airlines and cruise stoc… Read more


Gold drops to 4-month low
Higher real interest rates thanks to positive covid-19 vaccine news caused gold to drop below key support at $1850 per oz to a new 4-month low. MARKETSNews• Trump administration officially begins transition to Biden: General Services Administration chief Emily… Read more


Ethereum surges over $500
News• Stocks in Asia-Pacific edge higher while airline shares in Hong Kong and Singapore decline after an anticipated air travel bubble between the two cities was delayed due to rising Covid-19 cases in Hong Kong;• Beijing warns of crackdown on misconduct afte… Read more


Energy stocks having best Q4 in 30 years
MARKETS News• Asia-Pacific markets traded mixed on Friday as investors remained cautious over the short-term economic impact of the coronavirus as cases around the world continue to rise. Dow futures fall more than 200 points as fresh virus restrictions raise… Read more


Stocks pullback after NYC schools closure
News• Asia-Pacific markets fell on Thursday as traders grappled with optimism around a potential coronavirus vaccine and economic worries;• Deutsche Bank: "There is increasing demand to use Bitcoin where Gold was used to hedge dollar risk and inflation";• Tesl… Read more


Bitcoin rockets above $18k
MARKETSNews• Bitcoin crossed the $18,000 mark overnight. Asia-Pacific markets were mixed in early Wednesday trade. Meanwhile, the U.S. dollar continued its slide;• Ant Group is still capable of clinching the world’s largest IPO — even as Chinese regulatory hur… Read more