CLS’s Head of Information Services, Masami Johnstone, commented: Daily traded volumes in August were flat (-0.5%) versus the previous month, at USD1.65 trillion. This comprised FX swap volumes of USD1.188 trillion (-0.3%), forward volumes of USD77 billion (-3.8%) and spot volumes of USD384 billion (-0.5%). Compared to August 2019, FX swap volumes were slightly down…
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Ocado leads way after 52% sales jump London-listed stocks made gains yesterday, with the FTSE 100 closing 1.3% higher, despite official data showing that UK jobs were lost at the highest rate since 2009 in the three months to July. Over the three months, 156,000 people were made redundant in the UK, an increase of…
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GOLD In the last few trading sessions we have seen less volatility on gold. The bullion price remains above $1,950, without being able to attack the key resistance area of $2,000. The positive trend looks to be recovering its strength even if we are in a “wait and see” phase, with investors believing that the…
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G4S jumps after hostile takeover attempt revealed The FTSE 100 was close to flat on Monday, with Ocado Group leading the index after gaining 3.9% and British Airways parent International Consolidated Airlines Group down 30.8% at the back. IAG’s plummet is not a cause for investor concern however; it was a technicality related to a…
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Pound tumbles on Brexit tension, boosts FTSE 100 London-listed stocks recorded gains last week, as significant tensions between the United Kingdom and European Union over Brexit sent the value of the pound tumbling. Sterling fell from close to $1.33 on Monday to sub $1.28 by the weekend. Any negative movement for sterling tends to lead…
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GOLD The gold price is slightly recovering following modest gains for stocks as investors look for new market movers. The macroeconomic calendar is not too busy today, while EUR/USD is also steady with the euro gaining just a few pips. The main scenario remains unchanged as bullion is still in a long-term bullish trend, while in…
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Morrison earnings disappoint while Games Workshop soars London-listed shares were close to flat yesterday, although they ended the day in the red. Sterling suffered another poor day, falling more than 1% against both the dollar and euro after the European Central Bank decided to hold fast on its current interest rate position. Morrison Supermarkets brought…
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EUROPEAN SHARES European benchmarks were little changed for the last trading session of the week as uncertainty continues. Although the ECB held its rates and provided investors with extended purchase programs (APP and PEPP) yesterday, no significant immediate impact has been recorded on stock prices as the move was already largely priced in. Christine Lagarde’s…
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AstraZeneca holds firms after positive news on Covid-19 vaccine trial hiccup After reporting late on Tuesday that it had paused its Covid-19 vaccine trial due to participant illness, AstraZeneca’s London listed shares closed the day in the green. Per CNBC, the company’s CEO Pascal Soriot told investors on a private conference call on Monday morning…
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EUROPEAN SHARES Stock markets opened mixed but steady this morning as traders now brace for today’s ECB meeting after a volatile trading week so far. The recent mounting bearish drivers on stocks (drying stimulus, US-Sino tensions, Brexit talks and valuation issues in the tech sector) have made the mid-term outlook much harder to predict for…
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