US regulators praise market ‘resilience’ after March stress test

US regulators praise market ‘resilience’ after March stress test

US regulators have expressed relief that the plumbing underpinning capital markets withstood the whipsaw volatility in prices produced by the coronavirus pandemic in the past month. In interviews with the Financial Times, officials at the two federal agencies in charge of maintaining orderly markets said they had seen minimal problems even as equities and futures were […]

Emerging market stocks drop to record discount to US

Emerging market stocks drop to record discount to US

Stocks across emerging markets have dropped to a record valuation discount to US equities, according to the Institute of International Finance (IIF), as investors ditch assets deemed risky due to the coronavirus crisis.Stocks across the developing world now trade at...
Could the world really unite to boost the oil market?

Could the world really unite to boost the oil market?

Donald Trump’s claim that oil producers are going to make big cuts in output has helped propel crude prices back above $30 a barrel, from an 18-year low. Brent, the international benchmark, is up 35 per cent over the past two days.Saudi Arabia, meanwhile, has convened...
China’s celebrity stock guru faces personal bear market

China’s celebrity stock guru faces personal bear market

Li Daxiao’s share tips attract hundreds of thousands of views within hours of appearing on Chinese social media. The celebrity stock guru, who posts short, quirky online videos, is known to move markets when China’s army of retail investors follow his advice.But Mr...