Background Wall Street got excited yesterday as fast-food group McDonald's delivered first-quarter results that were better than expected. Q1 revenue was $5.68 billion, beating analysts' average estimate of $5.53 billion, and EPS was $1.47, above a market expectation of $1.34. But investors were most satisfied with Q1 global comparable sales growth of 4% year-on-year, which…
Read more
Last week the US President Trump stated on Twitter that he will “unveil his major tax reform plan on Wednesday, April 26." The recent reported US Q1 corporate earnings have been outperformed, pushing US stocks up. Tuesday evening, the Dow Jones index hit a 6-week high of 21022, and the S & P 500 index…
Read more
Z.com., the FCA regulated MT4 retail brokerage arm of Japanese FX giant GMO Click, has announced that its Trade MT4 service now supports micro lot trading on all FX products. As a result of this change, the minimum trade size for all FX products has been amended from 1 lot to 0.1 lots. The 1…
Read more
LeapRate has learned via regulatory filings made in the UK and France that international derivatives broker and FX market maker Sucden Financial Limited reported so-so results for 2016. On the top line, Revenues rose by 7% to £46.5 million, although still well below where Revenues were in 2013 and 2014 at Sucden. On the bottom…
Read more
Singapore Exchange (SGX) today welcomed Aoxin Q & M Dental Group Limited to Catalist under the stock code “1D4”. Aoxin Q & M Dental Group Limited is a spin-off of Mainboard-listed dental group Q & M Dental Group (Singapore) Limited’s dental services and dental equipment and supplies distribution businesses in the Northern People’s Republic of…
Read more
The Stock Exchange of Thailand (SET), at the member ordinary meeting on April 26, 2017, announced the appointment of its board governors to replace the current governors whose term ends on May 27, 2017. One governor, Chaipatr Srivisarvacha, Chief Executive Officer of KT ZMICO Securities Co., Ltd., has been re-elected for the second term, while…
Read more
Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read more
The Financial Conduct Authority (FCA) has published data on the number of complaints reported by firms under new rules which came into force on 30 June 2016. The total number of complaints reported by firms in the second half of 2016 was 3.04 million. This number is higher than previous reporting periods because under the…
Read more
DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) A consolidation is taking hold in front of the ECB but is the DAX due another correction? The strong breakout to new all-time high ground has started to slow and early moves today are lower. The concern is that in four of the five…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Global Marketing Online Limited / ADS Securities. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as…
Read more