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Many of indices. The nasdaq is 3. 2 higher. We are also seeing a recovery for oil. We are still below 40 per barrel. The vix is up there but well below 30. For all the recent volatility is favorable for some investors, lets welcome our first guest. She is managing director and head of longshores equity. Talk to us about the strength of a strategy these days. It has been a couple of years for hedge funds. What is the driver of this . Thank you for having me. This is such a great question. It is head spinning which way the markets are going to go. There is daytoday volatility. We have the election, a vaccine, theres a lot of volatility in this market. Whats important for strategies most importantly is dispersant. To see winners and losers. Short Equity Strategies struggle predominantly more because of the short book. It was the short book that was a challenge in this rising market. Accelerate to where we are today in the cycle an ....
Report 1. 5 million euro loss leading to job cuts. Industrial profit forecasts beat sending shares higher the ceo says hes cautiously optimistic we have the prices under control as much as we can control it going forward, there is some volatility that we will see a second wave. Mining giant glen core ditches its dividend following a massive impairment charge following the bottom of the stoxx 600. A warm welcome to street signs. It is a big day before the bank of england keeping rates steady and left the size of the Asset Program unchanged. Bankers are painting a more pessimistic recovery warning that they wont return to precrisis levels before the end of the year. They expect the rate to double by the end of 2020 looking at the action surrounding the bank of england news starting with guilt we have the move lower out 2. 5 . Third year trading 64 points or so sterling has hit a fresh fivemonthify versus the dollar. Currency investor ....
The pandemic is raging works like a charm can this market really be that binary can it really be that stupid to borrow a line from that masterpiece of english literature, this is spinal tap, its a fine line between clever and stupid [ drumroll ] the dow only gained 300 points, the short answer is, yes, it really is that simple. When texas was forced to pause its reopening plan because of record covid infections, a m suddenly the stay at home stocks came back in style i guess the virus didnt get the memo about not messing with texas. Many of todays winners were the usual suspects that benefitted from the pandemic. Plus the oils and the banks, though that was a femoral, given everything was stay away from the banks. Any way, before we get into the specifics. How the heck can this market rally on truey terrible news we have a horrific outbreak in the sun belt, we hit a new record for covid cases yesterday. The virus is back in exponential growth mode. The human cost could be enorm s enorm ....
Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being t ....
Around the clock this is counting the cost on aljazeera look at the world of business and economics this week as the death toll rises the Economic Cost of the coronavirus is being felt in every market in the World Oil Prices have tumbled prices. We have an exclusive interview with the general secretary of the gas exporting nation. A few 1000000000. 00 spent trillions of dollars later from new york. We look at the Economic Cost of rising sea levels. The extraordinary risks in peru taking to bring in the cash. Death toll from the coronavirus keeps on rising its not only crippling chinas economy its having a knock on effect globally formula ones race in shanghai has been postponed and this is. As mobile World Congress half a global way in barcelona has been canceled or ....