News
Stocks rise as U.S.-China phone calls boosts optimism, euro gains
A lack of news or single-stock catalyst to drive markets kept the session quiet, said Yousef Abbasi, global market strategist at StoneX Group Inc in New York. Read more
Xi’s Crusade on Food Waste Triggers Rare Anxiety Over Supplies
“Fears of supply disruptions due to Covid-19 have caused China’s leaders to re-emphasize food security and self-sufficiency,” said Darin Friedrichs, a senior analyst at StoneX Group Inc. in Shanghai. Read more
The ‘Disturbing Reality’ Fueling This Bull Market
Vincent Deluard, head of global macro strategy at investment firm StoneX, believes this disconnect is not an accident. He argues that today’s stock market actually depends on a weak economy. “If economic growth suddenly accelerated…, long-term yields would undeniably...
CoinShares crypto ETP range reaches $1bn AUM
CoinShares has seen its cryptocurrency ETP range surpass $1bn assets under management (AUM) amid stronger demand for crypto assets during the coronavirus turmoil. The AUM growth has been a result of both a growing appetite from investors and a significantly strong...
Bitcoin can’t hold 13-month high
James Butterfill, investment strategist at the crypto start-up CoinShares, is also optimistic. Bitcoin is now in a league of its own, he claims. Read more
Which central banks are buying gold this year?
In terms of Turkey’s additions it is not yet clear what proportion of that total included deposits from the domestic commercial banks, StoneX head of Market Analysis for EMEA and Asia regions Rhona O’Connell said on Tuesday. Read more
S&P 500, Nasdaq hit record highs as Apple tops $2 trillion in market value
“For this market to sustain all-time high levels we either have to see something develop on the fiscal side, or we would need to see large-cap tech continue to lead,” said Yousef Abbasi, global market strategist at StoneX. Read more
China food security: country faces ‘grain supply gap of 130 million tonnes by 2025’ as rural workforce dwindles
Darin Friedrichs, a Shanghai-based commodity analyst at StoneX, said one of the government’s top concerns was the ability to feed a population of 1.4 billion, which relied on domestic production and imports. Read more
Stocks Fall After Reports Show Recovery Slowing
“It appears the hopes of a fiscal stimulus deal being reached in August have gone from slim to none over the past few days -- but investors are still assuming that a $1.5 trillion package will come in September,” said Yousef Abbasi’s, global market strategist at...
Gold jumps on dollar slide, slow U.S. labor market recovery
The fact that gold did not move still higher when Sino-U.S. tensions escalated over the weekend signaled that most of the tailwinds were priced in," said StoneX analyst Rhona O'Connell in a note. Read more