Daily Market Commentary
November 23, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices hedge higher

Should such plans go ahead, Moscow is likely to react by further restricting exports, in a move that could create scope for further gains in the price of the barrel. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a…

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Credit Suisse
November 23, 2022 BY Steffy Bogdanova

Credit Suisse expects CHF1.5 billion pre-tax loss in Q4

In July, the bank appointed Ulrich Körner new Group Chief Executive Officer to replace Thomas Gottstein. Credit Suisse noted that client activities have been impacted by economic challenges and market environment. The bank stated: The Investment Bank has been impacted by the substantial industry-wide slowdown in capital markets and reduced activity in the Sales &…

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ASIC ban
November 23, 2022 BY Steffy Bogdanova

ASIC sues Block Earner for unlicensed crypto offerings

ASIC is now seeking declarations, injunctions, and pecuniary penalties. ASIC Deputy Chair Sarah Court said: We are concerned that Block Earner offered financial products without appropriate registration or an Australian Financial Services licence, leaving consumers without important protections. Simply because a product hinges on a crypto-asset, does not mean it falls outside financial services law.…

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November 22, 2022 BY Steffy Bogdanova

CySEC warns of fake website and impersonators of its representatives

The regulator reminded the public that it never sends unsolicited correspondence, and it does not request payments, or individual personal data. CySEC further clarified that it has “no authority or jurisdiction to collect fees for any purpose from individual investors, nor does it have authority to appoint anyone to do so on its behalf.” According…

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November 22, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar is hedging lower in relation to other major currencies in a move that can be interpreted as a consolidation

European Shares Stock markets opened without clear direction on Tuesday in Europe, extending the Asian trend, alongside US futures on the S&P500. Market sentiment remains toneless for the second trading day of the week as most investors are still struggling to assess the short- to mid-term outlook for risky assets. Even as rising covid cases…

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StoneX
November 22, 2022 BY Steffy Bogdanova

StoneX operating revenue rises 50% in Q4 to $52.3 million

Net income for the full fiscal year came in at $207.1 million, registering a 78% rise compared to FY21. The New York-headquartered Group' s basic earnings per share stood at $2.58, and the diluted ones was 2.49. They were 597% and 592% up, respectively. For the full year, basic earnings per share $10.27 and diluted…

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