Shell Share Discussion Threads

[waldron] 03/3/2020 07:15

Europe Markets
European stocks signal higher open on stimulus hopes
Published Tue, Mar 3 202012:56 AM ESTUpdated an hour ago
Holly Ellyatt
@HollyEllyatt
Key Points

European stocks are pointing to a higher open on Tuesday.
Investors hope for global central bank stimulus to mitigate the economic impact of the coronavirus.
London’s FTSE index is expected to open 75 points higher at 6,725, the German DAX is seen 173 points higher at 12,035, France’s CAC index is seen 73 points higher.

[tornado12] 03/3/2020 07:09

IMO the market has not bottomed out. The virus has not peaked and if countries and businesses are promoting quarantine at a sniff of a crono, then there are more twists and turns to come folks (not accounting for the dire results in Q1 and probably Q2). Saying that I’m investing :-))

[la forge] 02/3/2020 21:52

Dow closed 1,293.96 points higher, or 5.1%, at 26,703.32. The move on a percentage basis was the Dow’s biggest since March 2009. It was the largest-ever points gain for the 30-stock average.

[la forge] 02/3/2020 21:30

Dow roars back from coronavirus sell-off with biggest gain since 2009, surges 5.1%
Published Sun, Mar 1 20205:27 PM ESTUpdated Moments Ago
Fred Imbert
@foimbert
Eustance Huang
@EustanceHuang

[fjgooner] 02/3/2020 21:12

This is real.

Maybe not the narrative that doom merchants wish to continue peddling, but hey?

----



Stocks Surge on Bets Central Banks to Take Action: Markets Wrap

By Randall Jensen and Vildana Hajric
March 1, 2020, 8:06 PM GMT Updated on March 2, 2020, 9:02 PM GMT

U.S. stocks surged the most in fourteen months as investors gained confidence that stewards of the world’s largest economies would act in concert to offset any impact from the spreading coronavirus.

The S&P 500 rallied 4.6% after news that Group of Seven finance ministers and central bankers will hold a teleconference Tuesday to discuss how to respond to the outbreak. Tech shares led the rebound after seven straight days of declines for the benchmark index, with monetary policy makers from Japan to England joining the Federal Reserve in promising to take action to support their economies if needed.

Ten-year Treasury yields pared an early slide to trade little changed, while 30-year rates rose. Oil rallied on expectations that the OPEC+ alliance will deepen output cuts.

[swanvesta] 02/3/2020 21:00

> Eh?

Are you for real?

[fjgooner] 02/3/2020 20:58

@swanvesta

Eh?

[la forge] 02/3/2020 20:58

Markets
Dow soars 1,200 points as comeback accelerates into the close
2 min ago

[fjgooner] 02/3/2020 20:53

Brent also up by 5.7%. WTI up by 5.6%. LNG up by 4.3%.

Crisis? What crisis?

[swanvesta] 02/3/2020 20:51

fjgooner, for goodness sake NOBODY is worried about China anymore. Look a bit closer to home! Places right on your doorstep, where few are stopping flights, few are imposing mass quarantines, few are locking their citizens down and preventing spread, few are taking extreme measures the way the chinese did. The new cases appearing in the rest of the world are starting to match the numbers in China at the height of their epidemic.

[fjgooner] 02/3/2020 20:47

Boom ! Dow is now up by over 1000 points !

The over-hyped media panic seems to have been rumbled at last.

[supermarky] 02/3/2020 20:34

constant media hype at the moment.if people start panicking and follow the herd this could spark shortages. the media would love to report on panic buying etc. ukx at or around major support at the moment.

[la forge] 02/3/2020 20:21

Dow jumps 700 points

[waldron] 02/3/2020 19:14

Dow jumps 500 points in volatile trading as Wall Street tries to recover from massive sell-off
Published Sun, Mar 1 20205:27 PM ESTUpdated 44 min ago
Fred Imbert
@foimbert
Eustance Huang
@EustanceHuang

[waldron] 02/3/2020 18:56

Shell and ExxonMobil team up in push to explore Somalia's offshore

Ministry: Shell and ExxonMobil agree to convert pre-existing offshore concessions into production sharing contracts
2 March 2020 16:08 GMT Updated 2 March 2020 16:08 GMT
By Barry Morgan
in Paris

[tornado12] 02/3/2020 17:53

Nice recovery today, but what does this mean over the next 2-3 weeks ? Just don’t see yet a sustainable upside and waiting to better understand how things will move. For sure my end of month divi will go back into Shell. No change in my perception, just like to get more nearer to bottom price of this crisis.

[waldron] 02/3/2020 17:38

Brent Crude Oil NYMEX 51.90 +4.49%
Gasoline NYMEX 1.54 +3.64%
Natural Gas NYMEX 1.80 +4.10%
(WTI) 47 USD +5.32%


FTSE 100
6,654.89 +1.13%
Dow Jones
26,151.7 +2.92%
CAC 40
5,333.52 +0.44%
SBF 120
4,227.54 +0.28%
Euro STOXX 50
3,338.83 +0.52%
DAX
11,857.87 -0.27%
Ftse Mib
21,685.82 -1.36%



Eni
11.118 -0.36%


Total
39.1 +1.88%

Engie
15.135 +0.70%

Bp
411.25 +3.81%

Vodafone
133.56 -0.60%

Royal Dutch Shell A
1,716 +3.29%

Royal Dutch Shell B
1,712 +2.91%

[waldron] 02/3/2020 16:42

Markets
Dow jumps 650 points in volatile trading as Wall Street tries to recover from massive sell-off
Published Sun, Mar 1 20205:27 PM ESTUpdated Moments Ago
Fred Imbert
@foimbert
Eustance Huang
@EustanceHuang

[waldron] 02/3/2020 16:16

Dow jumps 500 points in volatile trading as Wall Street attempts to come back from massive sell-off
Published Sun, Mar 1 20205:27 PM ESTUpdated Moments Ago
Fred Imbert
@foimbert
Eustance Huang
@EustanceHuang

[fjgooner] 02/3/2020 15:49

How Markets And The Media Have Overhyped Coronavirus

Extract

In my last article, Are Oil Markets Overreacting To The Coronavirus?, I warned of the power of media hype when it comes to epidemics. The human brain has a tendency to mix up the severity of an outcome with how likely that thing is to happen. Just like our fear of terrorism or shark attacks, when it comes to epidemics we are incredibly poor judges of how much of a danger they really pose.

Our intensely interconnected societies and sensationalist media mean that this failure of judgment can translate into mass hysteria and fear in the markets that can have a tangible impact on the world economy. Oil prices have collapsed, stock markets have fallen by the largest amount since the 2008 financial crisis and the Dow Jones saw its largest single-day points drop in history. All of this has come from the spread of the coronavirus from China to South Korea, Italy, Iran, and Japan. But as this spread continues there is one key factor that market observers appear to be missing, highlighted by the below chart.

This is an epidemic curve showing the number of new cases per day in China (the world’s second-largest economy and the world's largest importer of goods). It appears that China is in the process of successfully containing the coronavirus and, for that reason, has already begun to reboot its economy.

[waldron] 02/3/2020 15:45

Oil Rebounds as Volatility Continues
Print
Alert

By Amrith Ramkumar

Oil prices rose Monday, extending a recent stretch of turbulence as traders grappled with the economic fallout of the coronavirus.

U.S. crude futures rose 2% to $45.65 a barrel, stabilizing somewhat after dropping Friday to their lowest level since December 2018 and ending last week 32% below a peak hit in early January. Monday's gains came with U.S. stocks also recovering in volatile trading following their worst week since the financial crisis.

Brent crude, the global gauge of oil prices, advanced 1.5% to $50.44 a barrel on the Intercontinental Exchange.

The swings came after a torrent of news tied to the deadly coronavirus, which has disrupted global supply chains and dented oil demand. The global death toll topped 3,000 on Monday, with new cases jumping and Indonesia, Scotland and the Dominican Republic saying they are treating their first patients.

The economic toll in China has been particularly bearish for commodities, which count the nation as by far the world's largest source of demand. Downbeat economic data released Friday for February were the latest suggesting growth stalled last month with the virus pausing economic activity around the Lunar New Year holiday.

Still, some analysts are hopeful stimulus measures being considered by central banks can help the global economy rebound moving forward and boost fuel demand. More broadly, some have suggested that the economic data points from last month have been too skewed by the virus.

"At this point, it thus looks increasingly likely that the entire month of February will be an economic write-off," JPMorgan Chase & Co. analysts said in a note.

Oil-market participants are also looking ahead to a meeting of the Organization of the Petroleum Exporting Countries slated for later in the week. The cartel is expected to deepen existing output cuts to help crude markets stabilize, with key OPEC nations like Saudi Arabia needing higher prices to sustain their economies.

Analysts are waiting to see the extent of the output reductions and how Russia, an OPEC ally in past cuts, chooses to respond to the virus.

Elsewhere in commodities Monday, natural-gas futures also pared a sliver of their recent slide, rallying 3.5% to $1.743 a million British thermal units after closing at a nearly four-year low on oversupply worries Friday.

Most-active copper futures rebounded 1.1% to $2.5670 a pound, an encouraging sign as the industrial metal is sensitive to global growth and Chinese demand because of its uses in construction and manufacturing.

Most-active gold futures rose 2.2% to $1,601.70 a troy ounce, rebounding from their worst day since 2013 with investors favoring safe-haven assets. Prices fell sharply on Friday after closing at a seven-year high early last week. Traders attributed the reversal to the need for investors to generate cash by selling gold to make up for losses suffered in stocks and other riskier assets.

Write to Amrith Ramkumar at [e-mail]



(END) Dow Jones Newswires

March 02, 2020 10:19 ET (15:19 GMT)