• USDCHF extends above the 100 day MA Link
    ForexLive 2m
    The USDCHF has rebounded higher in the New York session as dollar buying is the theme. The pair bottomed today at a lower trendline (see red numbered circles). Holding that level got the ball rolling. The momentum increased after breaking a swing area at the 0.96837 to 0.96904 area (see yellow area) and the 200 hour moving average (green line currently at 0.96837). 
  • RT @dougalshawBBC: Meet the stage star now stacking supermarket shelves Link #BBCNews #COVID19Pandemic https://t.co/gn…
    BBC Business 2m
  • Oil price rebounds on hopes Saudi Arabia and Russia will reach deal Link
    Guardian Business 2m

    Global oil prices rebounded to more than $30 a barrel for the first time in almost a month on Thursday after Saudi Arabia and Russia signalled a possible truce in the price war which triggered the fastest oil market collapse in decades.

    The price of Brent crude leapt by 30% after the US president, Donald Trump, fanned hopes of a new deal between Riyadh and Moscow to help stabilise the oil market after Washington’s intervention.

    Oil prices fell to 18-year lows of $23 a barrel earlier this week as Russia and Saudi Arabia prepared to wrestle for a greater share of the market by increasing production despite falling energy demand because of the Covid-19 pandemic.

    Trump tweeted on Thursday that he had spoken to Saudi crown prince Mohammed bin Salman and expected Riyadh and Moscow to cut output by as much as 15m barrels a day.

    The president initially said the oil production cut should beabout 10m barrels a day, before raising the figure...

  • RT @annsaphir: Keeping workers on payrolls is KEY to a fast(er) recovery, @neelkashkari said today. (He's @MinneapolisFed chief).
    Minneapolis Fed 2m
  • RT @chigrl: For those that do not know, the Texas Railroad Commission, through its Oil and Gas Division, regulates the exploration, product…
    FxMacro 2m
  • After the spike in response to President @realDonaldTrump remarks on #oil and the slow bleed thereafter, stocks have been trading close to flat for the last half hour or so...lacking drivers/conviction. What happens in the remaining 90 minutes will help set the tone for tomorrow. https://t.co/G5IMrScPg3
    Mohamed A. El-Erian 2m
  • Twitter took down thousands of accounts linked to Egypt, Honduras, Indonesia, Saudi Arabia and Serbia for either taking directions from governments or promoting pro-government content Link https://t.co/AoNCurXOh1
    Reuters 7m

    BRUSSELS (Reuters) - Twitter took down thousands of accounts linked to Egypt, Honduras, Indonesia, Saudi Arabia and Serbia on Thursday for either taking directions from the governments or promoting pro-government content.

    Twitter and other social media companies are under pressure to clean up misinformation and hateful content on their platforms, while abuse related to the coronavirus outbreak has also increased scrutiny of their actions.

    Twitter said it removed the accounts because they violated its policies and were a targeted attempt to undermine the public conversation.

    It took down 2,541 accounts in the Egypt-based El Fagr network because it created fake accounts to amplify messages critical of Iran, Qatar, and Turkey.

    “Information we gained externally indicates it was taking direction from the Egyptian government,” Twitter said.

    The company removed...

  • Bosses of German carmakers Volkswagen, BMW and Daimler had a crisis call with Chancellor Angela Merkel to discuss how to get production restarted amid the coronavirus crisis. Read more Link https://t.co/lP1t9bViKy
    Reuters Business 7m

    HAMBURG (Reuters) - The bosses of Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production restarted, Germany’s Handelsblatt newspaper reported on Thursday.

    Carmakers have halted production at some sites as governments around the world have imposed lockdowns on their populations in response to the coronavirus outbreak.

    Volkswagen Chief Executive Herbert Diess last week said the carmaker might have to cut jobs if the pandemic is not brought under control as it is still spending about 2 billion euros ($2.18 billion) a week.

    Handelsblatt cited participants in the call as saying carmakers were particularly concerned about the supply chain.

    A Volkswagen source told Reuters the carmakers discussed the situation in the industry and how production could be started...

  • In Italy, alone, government interventions have prevented some 38,000 deaths, according to new research Link
    The Economist Data Team 7m

    ONE OF THE trickier tasks for epidemiologists studying the coronavirus pandemic is determining just how prevalent it is. According to Johns Hopkins University, there are now 886,000 confirmed cases of covid-19 around the world, or roughly one case for every 9,000 people. But these numbers reflect not only how many people are known to have contracted the illness, but how many are being tested for it. This varies widely from country to country. Germany is testing 500,000 of its citizens each week. Britain, which is limiting tests to those with severe symptoms, is managing just one-tenth as many.

    A new paper by a group of 62 scientists attempts to shed light on the matter using some clever statistics. The study, which was overseen by Neil Ferguson and Samir Bhatt of Imperial College London, looked at data for 11 countries in western Europe. To arrive at accurate estimates for the likely prevalence of the virus in each country, the researchers’ epidemiological model...

  • This week’s data are likely to show further signs of economic damage caused by the #coronavirus outbreak and containment measures. See our macro dashboard?? Link #COVID19 https://t.co/wnul6qmHC7
    BlackRock 7m
  • It’s not just Zoom. Social chat and streaming apps are seeing a surge in new users Link
    Bloomberg Markets 7m
  • RT @veruka2: 1/ I am a university professor. I teach undergraduates who have been isolated at home and taking classes "remotely" for 3 week…
    David Wessel 7m
  • Jobless claims double from last week’s record to 6.65 million, the S&P 500 Index near the 2500 level while the $VIX Index lowers to 53. Plus, @JermalChandler details this morning’s crude oil surge. https://t.co/ZCEcoQAqHt
    Cboe 7m
  • This has to be the craziest day of oil trading of all time. It's like Bitcoin today. #OOTT https://t.co/fNqGzGLtSK
    ForexLive 12m
  • JPMorgan Chase Chief Executive James Dimon returned to work this week, a month after undergoing emergency heart surgery Link
    WSJ Markets 12m

    JPMorgan Chase & Co. Chief Executive James Dimon returned to work this week, a month after undergoing emergency heart surgery.

    In a memo to employees, Mr. Dimon thanked Co-Presidents Daniel Pinto and Gordon Smith for running the bank in his absence. He is working remotely, along with most of the bank’s executives, as the coronavirus pandemic sweeps through New York City.


  • The demand for masks, gloves, face shields and even body bags from states far outstrips the federal government’s ability to respond Link
    Bloomberg 12m
  • Corporate welfare for the oil companies. Link
    ForexLive 12m

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    FxMacro 12m
  • Exclusive: Hackers linked to Iran target personal email accounts of staff at the World Health Organization during the coronavirus outbreak, sources say. It is not clear if any accounts were compromised Link
    Reuters 17m

    SAN FRANCISCO/WASHINGTON/LONDON (Reuters) - Hackers working in the interests of the Iranian government have attempted to break into the personal email accounts of staff at the World Health Organization during the coronavirus outbreak, four people with knowledge of the matter told Reuters.

  • Pension programs have taken huge hits to their investment portfolios, and widespread job losses and business closings threaten the tax revenues that fund them Link
    NYT Business 17m

    For years, the country’s public pension plans have faced a yawning gap between what they owe and what they can pay.

    From the State of California’s public employees’ retirement plan, with more than 1.6 million participants, to tiny funds for employees of local mosquito-control programs in Illinois, public pensions are the time bomb of government finance.

    Now the coronavirus pandemic has it ticking faster.

    Already chronically underfunded, pension programs have taken huge hits to their investment portfolios over the past month as the markets collapsed. The outbreak has also triggered widespread job losses and business closures that threaten to wipe out state and local tax revenues.

    That one-two punch has staggered these funds, most of which are required by law to keep sending checks every month to about 11 million Americans.

  • The Value of Opacity in a Banking Crisis Link
    Liberty St Economics 17m
    Haelim Anderson and Adam Copeland During moments of heightened economic uncertainty, authorities often need to decide on how much information to disclose. For example, during crisis periods, we often observe regulators limiting access to bank?level information with the goal of restoring the public's confidence in banks. Thus, information management often plays a central role in ending financial crises. Despite the perceived importance of managing information about individual banks during a financial crisis, we are not aware of any empirical work that quantifies the effect of such policies. In this blog post, we highlight results from our recent working paper, demonstrating that in a crisis, a policy of suppressing information about banks' balance sheets has a significant and positive effect on deposits. Why Might Withholding Information about Banks Be Helpful? During normal times, regulators have long recognized that disclosure is an important tool that helps...
  • Texas oil regulator says discussed 10 mbpd global oil production cut Link
    ForexLive 17m
    Just had a great conversation with [Russian oil minister Alexander Novak]. While we normally compete, we agreed that COVID19 requires unprecedented level of int'l cooperation. Discussed 10mbpd out of global supply. Look forward to speaking with Saudi Prince Abdulaziz bin Salman soon.
  • RT @RyanSitton: Just had a great conversation with Russia's @novakav1. While we normally compete, we agreed that #COVID19 requires unpreced…
    ForexLive 22m
  • U.S. corporate bonds suffer negative ratings moves, while analysts say more may be coming Link
    WSJ Markets 22m

    U.S. corporate bonds are being downgraded at breakneck speeds, highlighting the threat posed to companies’ balance sheets by the coronavirus crisis.

    The pace of downgrades over the last two weeks was the fastest on record in one major corporate-bond index going back to 2002, according to BofA Global Research.

    The index, known as the ICE BofAML...

  • After rolling out the Next Generation iLEVEL, a major UX enhancement to our portfolio monitoring solution for private market participants, we sat down with our Head of Product to hear more about the recent updates and development plans for the future. Link
    IHS Markit Financial Services 22m
    All the thought leadership you previously accessed on Ipreo Ink now lives in Ipreo Knowledge, which is fully integrated into Ipreo.com. If you have any questions or are experiencing difficulties locating a resource, please reach out to marketing@ipreo.com
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