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GLOBAL MARKETS-Super-charged stocks race towards second weekly gain
Fri, 17th Apr 2020 13:22Thomson Reuters
* World stocks race towards second-best week on record

* Nikkei, FTSE and DAX all jump 3%

* U.S. plans to reopen economy, virus treatment hopes lift
mood
Markets take China economic contraction in stride

* Dollar rises slightly, safe-haven yen recovers ground

* U.S. oil futures slump 8% to hit 18-year low

By Marc Jones

LONDON, April 17 (Reuters) - World stock markets made a
super-charged sprint towards a second straight week of gains on
Friday after President Donald Trump laid out plans to gradually
reopen the coronavirus-hit U.S. economy following similar moves
elsewhere.

The bulls were back in business, with reports that patients
with severe COVID-19 symptoms had responded positively to a drug
made by U.S. company Gilead Sciences
giving traders an extra excuse to brush off a widely expected
slump in Chinese GDP data.

Europe's main markets and Wall Street
futures rose more than 3%, putting the pan-regional STOXX 600
up nearly 8% over the last two weeks and MSCI's
49-country world index 23% off last month's
four-year lows.

GLOBAL MARKETS-Super-charged stocks race towards second weekly gain
Fri, 17th Apr 2020 13:22Thomson Reuters
* World stocks race towards second-best week on record

* Nikkei, FTSE and DAX all jump 3%

* U.S. plans to reopen economy, virus treatment hopes lift
mood
Markets take China economic contraction in stride

* Dollar rises slightly, safe-haven yen recovers ground

* U.S. oil futures slump 8% to hit 18-year low

By Marc Jones

LONDON, April 17 (Reuters) - World stock markets made a
super-charged sprint towards a second straight week of gains on
Friday after President Donald Trump laid out plans to gradually
reopen the coronavirus-hit U.S. economy following similar moves
elsewhere.

The bulls were back in business, with reports that patients
with severe COVID-19 symptoms had responded positively to a drug
made by U.S. company Gilead Sciences
giving traders an extra excuse to brush off a widely expected
slump in Chinese GDP data.

Europe's main markets and Wall Street
futures rose more than 3%, putting the pan-regional STOXX 600
up nearly 8% over the last two weeks and MSCI's
49-country world index 23% off last month's
four-year lows.

should reduce today ,

this is going up in straight line ,lol
Man Group Ltd
EMG
130.10 GBX
+7.95 (6.51%)

Small biotech companies win few battles but big boys always win the war,

Man Group Ltd with EPIC/TICKER (LON:EMG) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at UBS. Man Group Ltd are listed in the Financials sector within UK Main Market. UBS have set their target price at 155 GBX on its stock. This now indicates the analyst believes there is a possible upside of 22.8% from today’s opening price of 126.25 GBX.

Drugmaker Roche Holding announced it has developed a new Covid-19 test able to detect antibodies to the virus and indicate whether a person has become immune. The current tests available can only tell if a person currently has the SARS-CoV-2 virus, which causes Covid-19.

Roche Holding announced it has developed a new Covid-19 test able to detect antibodies to the virus and indicate whether a person has become immune. The current tests available can only tell if a person currently has the SARS-CoV-2 virus, which causes Covid-19.

Assets managed by listed hedge fund Man Group (EMG) dropped from $117.7bn to $104.2bn in the first three months of 2020, thanks to negative investment movements and wild swings in foreign exchanges. Despite this, the group managed to attract $0.5bn in net new business in the period, thanks in large part to strong client flows to the AHL Target Risk fund. Notwithstanding what the group described as a resilient investment performance for its funds, there has been a “recent increase in redemptions”- which chief executive Luke Ellis blamed on an adjustment in asset allocation. At the end of the quarter, the group had $253m in cash and had taken out a new $500m revolving credit facility; the dividend and share buyback programme are continuing as planned. Sell.
we will see what happens , i always do the opposite to IC, lol

Gerry,
yes bought back EMG this morning but like you i am disappointed not buying LGEN yesterday.
but looks like mining companies are doing better today .
FTSE 100 is up more than 3% and USA futures are looking very good indeed.

Lambcurry13, looks like you are invested in same companies as me ,nice.
they all recovering today, afternoon could be even better.
https://www.cnbc.com/2020/04/16/sp-500-etf-jumps-2percent-after-hours-on-report-gilead-drug-showing-effectiveness-treating-coronavirus.html

recovered yesterdays loss
Spire Healthcare Group PLC
SPI
99.90 GBX
+7.80 (8.47%)

UBS RAISES POLYMETAL PRICE TARGET TO 1700 (1500) PENCE - 'BUY'

WHO is telling the truth ,

Summary
Wuhan, where the virus emerged, revises its death toll up by 1,290 to 3,869 - an increase of 50%
Chinese foreign ministry says statistics have been reviewed and denies any cover-up
Meanwhile, Chinese economy shrinks for first time in decades due to virus impact
French President Emmanuel Macron joins those questioning China's handling of the outbreak
In the UK, shortages of protective equipment for health workers continue to be reported
Health Secretary Matt Han**** to face questions from MPs shortly
The US, with more than 32,000 deaths, announces plans to start opening up its economy again
There have now been more than 2.15 million confirmed cases worldwide and 145,000 deaths

could be very good in markets this afternoon.
https://www.cnbc.com/2020/04/16/sp-500-etf-jumps-2percent-after-hours-on-report-gilead-drug-showing-effectiveness-treating-coronavirus.html

Morbox, yes i bought back in again at 124 this morning,
FLTR is doing OK this morning after Q1 2020 Trading Update

“We could have seen the bottom,” BlackRock co-founder and chief Larry Fink told CNBC.
The S&P 500 saw its most recent low of 2,191 on March 23, which marked a decline of 35% from its February record.
The index, as of Wednesday’s close, was less than 18% off those highs.

“We could have seen the bottom,” BlackRock co-founder and chief Larry Fink told CNBC.
The S&P 500 saw its most recent low of 2,191 on March 23, which marked a decline of 35% from its February record.
The index, as of Wednesday’s close, was less than 18% off those highs.

“We could have seen the bottom,” BlackRock co-founder and chief Larry Fink told CNBC.
The S&P 500 saw its most recent low of 2,191 on March 23, which marked a decline of 35% from its February record.
The index, as of Wednesday’s close, was less than 18% off those highs.

nice spike right now
127.92 GBX +5.78 (4.73%)
17 Apr, 09:13 BST · Disclaimer