Wednesday, 10 Jun 2020 09:20 PM MYT
NEW YORK, June 10 — Goldman Sachs Group Inc commodities unit generated more than US$1 billion in revenue this year through May as traders positioned their bets for the collapse in oil prices, Bloomberg reported today.
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Goldman traders gain US$1 bil in commodities revenue after oil slumpThe unprecedented mayhem in oil markets presented an opportunity for Wall Street traders to score big gains. FMTNews Goldman Someone somewhere is losing big money. Goldman always seem to profit during slumps 🤔. Last time during subprime as well. They must have a good system
Source: fmtoday - 🏆 5. / 72 Read more »
OECD sees deepest peace-time slump in a century | Malay MailPARIS, June 10 — The global economy will suffer the biggest peace-time downturn in a century before it emerges next year from a coronavirus-inflicted recession, the OECD said today. Updating its outlook, the Organisation for Economic Cooperation and Development (OECD) forecast the global economy...
Source: malaymail - 🏆 1. / 86 Read more »
China producer price deflation deepens on global demand slump | Malay MailBEIJING, June 10 — China's May factory gate prices fell by the sharpest rate in more than four years, underscoring pressure on the manufacturing sector as the Covid-19 pandemic reduces trade flows and global demand. The pandemic has disrupted trade to China's key export markets including the...
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Asian shares extend gains as economic recovery hopes build | Malay MailSYDNEY, June 9 ― Asian stocks extended their winning streak for the ninth consecutive session today and oil prices rose as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery. European markets were set to follow that lead with...
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Asia stocks set to gain after recovery hopes push Wall Street higher | Malay MailNEW YORK, June 9 ― Asian stocks were set to climb today as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure. Markets have been encouraged by a May US jobs report last week that...
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Global stocks rally on quick economic revival hopes, oil slides | Malay MailNEW YORK, June 9 ― Global equity markets surged yesterday, with the Nasdaq hitting a record high on hopes of a quick recovery from the coronavirus slump, while oil slid after Saudi Arabia said new output cuts by producer nations would not include extra cuts by three Gulf countries. A surprisingly...
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