News
These indicators suggest a stock-market bottom, but coronavirus fears could send the S&P 500 swooning again
“We have no idea how long this will be,” said Yousef Abbasi, global market strategist for U.S. institutional equities at INTL FCStone said. Read more
New survey reveals digital data habits of millenials
Paige Schaffer, CEO of Global Identity and Cyber Protection Services, commented: “With the continued digitization of our identities and the rise in IoT devices, people need to protect themselves against identity theft now, more than ever. Read more
You May Be Able to Delay Paying Your Taxes, but Should You?
“It could give a few extra months of holding onto that money to cover necessary bills while this pandemic plays out,” said Paige Schaffer, CEO of Global Identity and Cyber Protection Services at Generali Global Assistance, a provider of travel insurance, identity...
With Stocks Buybacks Halted, We’ll See How Much They Matter
But even before the crisis, appetites had been waning for four years, excluding the tax-cut-fueled surge in 2018, according to Vincent Deluard, global macro strategist at INTL FCStone. Read more
Bitcoin’s backers shaken, not deterred, by virus-fuelled price swings
“There is an old adage in the asset management industry which points out, that in a crisis, all correlations tend towards one. In a liquidity squeeze, a margin call cascade or a general flight to cash, everything is for sale, and everything liquid tends to get sold,”...
Stocks fall as virus uncertainty lingers; dollar set for weekly loss
The infection rate for the coronavirus is driving much of the market at a time of great uncertainty, said Yousef Abbasi, global market strategist at INTL FCStone Financial Inc in New York. Read more
Gold pulls back but set for biggest weekly gain since 2008
Russia’s Norilsk is “the world’s largest producer of palladium; conditions have already tightened due to shipment issues and are likely to tighten further,” said Rhona O’Connell, head of market analysis, EMEA and Asia regions at INTL FCStone, in a note. Read...
Gold Stranded by Coronavirus May Travel on Chartered Flights
“If it means trucking rather than flights it would certainly help,” said Rhona O’Connell, head of market analysis for EMEA and Asia at INTL FCStone. Read more
INTL FCSTONE’S CARSTEN HILS DISCUSSES THE IMPACT THE CURRENT CRISIS HAS ON FX MARKETS
Carsten Hils, Global Head of INTL FCStone’s Global Payments Division, joins LeapRate today to discuss the Global Payments Network and the intelligence it is currently providing in emerging/developing world countries. Read more
Stocks Surge as Washington’s Aid Package Advances: Live Updates
“At these levels, you can argue that a recession is priced in,” Yousef Abbasi, global market strategist at INTL FCStone, a financial services and brokerage firm. “Now it just depends on the depth of that recession.” Read more