The Chinese stock market reversed early losses to end higher on Wednesday, as Beijing vowed to contain the new, spreading virus which has killed nine and infected 440 in the country. The coronavirus spread from Wuhan in central China to several other cities and abroad, just as millions of people prepared to travel for the Lunar New Year between Jan. 24 and 31. "If the pneumonia couldn't be contained in the short term, we expect China's retail sales, tourism, hotel and catering, travel activities likely to be hit, especially in Q1 and early Q2," analysts at UBS said in a note on Wednesday. Shanghai shares closed up 0.3 per cent and the blue-chip CSI300 ended 0.4 per cent higher, lifting the benchmarks from their lowest levels this year hit during morning trade. Treasury futures curbed earlier gains. The recovery followed a televised news conference by China's National Health Commission where vice-minister Li Bin said Beijing is tightening containment measures in hospitals and … [Read more...] about China stocks rebound as Beijing calms jitters over virus outbreak
Decisions which are lowest level and narrow in scope
Retail sales fall by 0.6pc in December, extending worst run on record FTSE 100 hits six month high Seasonally-adjusted figures see dip despite discounting and holiday period Money markets now point to 76pc chance of a rate cut at end of month following tepid economic data European markets advance as geopolitical fears fade China’s growth slows to lowest level in nearly 30 years Garry White: The stock market madness could be about to end … [Read more...] about Investors brace for rate cut after ‘shockingly weak’ retail sales
Editors' Recommendations YouTube updates harassment policy and expands it to all creators on platform Twitter removes more than half of abusive tweets automatically Former Google exec says the tech giant doesn’t prioritize human rights Facebook bans misleading content and ads about the 2020 census Facebook won’t ban political ads that lie to voters ahead of the 2020 election … [Read more...] about Twitter finally banned hate speech against religious groups. Will it help?
OMCs are an avoid for investors as margin variations are too high due to crude price volatility. Refining margin are difficult to predict and that in turn will hit PAT significantly, says Yogesh Mehta, Founder, Yield Maximiser. Excerpts from an interview with ETNOW. On preferred picks among HFCsWe have seen some positivity in housing financing companies (HFCs) in terms of residential properties getting sold in in most parts of India barring one or two states. Can Fin Homes has delivered the numbers and the loan book has grown in private sector banks. The numbers are showing 10-12% growth in the third quarter of this financial year in the home finance business. Among HFCs, LIC Housing is a much better placed company in terms of pan India presence. The preferred lowest loan rates and 60-65% of the book consists of loans to white collar jobs. The default risk is less for them. However, this being a government company, the valuations are not what private housing finance companies are … [Read more...] about Worried over stressed assets in Axis Bank balance sheet: Yogesh Mehta
Meanwhile, other courts in the US are adopting online dispute resolution (ODR) initiatives to handle a range of conflicts. An ODR system can help make the final call when the opposing parties in a conflict have reached a stalemate, explained Colin Rule, VP of ODR at Tyler Technologies and co-founder of the ODR service provider Modria. It can help, for instance, in "night baseball" arbitration, in which the arbitrator hands down a reward, which is then adjusted to conform to the closest of the two sides' competing proposals. … [Read more...] about AI in the court: Are robot judges next?