The spread of the coronavirus has meant that sporting leagues across the globe have been suspended or forced to play behind closed doors. For PointsBet that’s meant fewer opportunities to offer wagers to punters and ultimately, little opportunity to make a profit.
World Markets: Global Insights into Financial Trends and Investment Opportunities
When concerned with the global economy, it’s important to look beyond the powerhouses that are often in the spotlight, and to look at the various emerging markets operating just off stage.
Today’s biggest emerging markets (BEMs), include Argentina, Brazil, China, India, Indonesia, Mexico, Poland, South Africa, South Korea and Turkey. Not as big, but still making impact, are Egypt, Iran, Nigeria, Pakistan, Russia, Saudi Arabia, Taiwan, and Thailand.
Today we look at Tyro’s trading update, their cash balance, and the impact of COVID-19 on their business. We then examine the outlook for the Tyro share price in light of its 75% drop in the space of just over a month.
With the public fearful of losing income (and thus not being able to spend it), how has the global shutdown impacted the Afterpay Ltd [ASX:APT] share price and the ‘buy now pay later’ industry more generally?
Do you sell up positions you’re still in? Do you sit and wait it out? Do you dump as much into the market as you can? Do you buy gold? Silver? Bitcoin? Stocks? Property?
Mobile medical app developer Painchek Ltd [ASX:PCK] has seen its share price jump 13.24% today, up 0.9 cents to trade at 7.7 cents per share.
‘Someday we’ll write about this.’
They were the words Dan Denning used to finish an email to me earlier in the week.