Daily summary

OPEC may hold an emergency meeting, the meeting scheduled on Feb. 14-15 in Vienna to assess the impact of China’s new coronavirus on oil demand. OPEC is considering how to respond to the recent oil price plunge. On Friday US oil was at $51.59 per barrel, after trading as high as $65.65 in early January....

On Thursday, Microsoft reported quarterly earnings that beat Wall Street predictions including revenue of $36.9 billion (up 14%), net income of $11.6 billion (up 38%) and diluted earnings per share of $1.51. The stock closed Wednesday at $168.04, or nearly 58% higher than a year ago, and soared more than 4% in after-hours trading. EQUITIES...

Take a bow for Jack Ma. Jack Ma, the wealthiest man in China and founder of Alibaba donated 100 million Yuan through his Jack Ma Foundation. The money will help scientists produce a vaccine against the deadly Coronavirus. EQUITIES Asian stocks tumbled further on Thursday. as the rising death toll from a virus spreading from...

The Fed’s first policy meeting in 2020 scheduled to start later in the day. Following three back-to-back rate cuts, the world’s most influential central bank indicated it would take a prolonged pause. Heading into the interest rate decision, there are no expectations that rates will fall (or rise), but once again all the attention will...

US new home sales hit a 5-month low, On Tuesday, US new home sales for the month of December disappointed at 694K vs. 730K which is 0.4 percent below the revised November rate. This is the third monthly drop in a row, EQUITIES Asian shares extended a global selloff on Tuesday as the death toll...