Daily Market News: Tesla suffers worst day in history as tech names continue to rout LeapRate

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September 09, 2020 BY Valentina Kirilova

Daily Market News: Tesla suffers worst day in history as tech names continue to rout

AstraZeneca pauses Covid-19 vaccine trial The pound continued to slump yesterday, falling below $1.30 after reports that the UK is stepping up preparations for a possible no-deal Brexit. The tumbling pound buffered UK stocks from the broader Tuesday sell-off globally (as large UK firms make a significant proportion of their money overseas in other currencies)…

September 08, 2020 BY Valentina Kirilova

Exclusive: ATFX expands marketing team, hires CMC Markets' Michael O’Sullivan

Commenting on his new role, O’Sullivan said: I’m excited to be joining a company that is growing both quickly and organically. A huge attraction of the company was its clear and focused ambition to disrupt the industry and become a leading tier one broker. I fully support the company’s evolution from a retail-oriented broker to…

August 28, 2020 BY Valentina Kirilova

Daily Market News: Japanese equities fall and yen surges on rumours Prime Minister Abe to resign

WPP jumps after reinstating dividend The FTSE 100 fell 0.8% on Thursday, with gains from companies including advertising firm WPP and British Airways parent IAG failing to outweigh losses from firms such as housebuilder Persimmon, chemicals firm Johnson Matthey and miner Anglo American. WPP stock jumped 6.6% as despite delivering a multi-billion pound loss, the…

August 27, 2020 BY Valentina Kirilova

Daily Market News: Global equities hit record high, all eyes now on Fed

Doorstep lender Provident surges on hopes for unemployment business boost The FTSE 100 was flat on Wednesday, while the FTSE 250 gained 2%. Provident Financial was by and away the biggest winner in the FTSE 250, adding almost 20%, as the firm hopes to capitalise on surging unemployment to generate new business, per The Telegraph.…

August 26, 2020 BY Valentina Kirilova

Daily Market News: American Airlines, Bed Bath & Beyond both cutting thousands of jobs

UK tech firm Aveva makes $5bn play for US rival The FTSE 100 fell by 1.1% on Tuesday, although no stock fell by more than 3.4%. Housebuilders, miners and oil giants were all in the red, with Anglo American down 3.3%, Taylor Wimpey down 3.1% and Royal Dutch Shell down 3%. At the top of…

August 25, 2020 BY Valentina Kirilova

Exclusive interview: In talks with BlackBull Markets' Michael Walker

LR: What is the primary focus of BlackBull Markets? Michael: Our primary vision is to provide an institutional multi-asset and service brokerage to both retail and institutional investors giving them affordable market access, stability, accountability, and outstanding service from our FMA regulated New Zealand head office. LR: You just got a NZ derivatives issuer licence.…

August 25, 2020 BY Valentina Kirilova

Daily Market News: Exxon to exit Dow Jones Industrial Average after more than a century

Energy and airline stocks soar on Covid-19 vaccine news All three US indices started the week on a positive note, with the S&P 500 up 1%, taking its year-to-date gain to 6.2%. The energy sector led the way, adding 2.8%, with the energy equipment and services sub-sector up 4.3%. It was airline and travel stocks…

August 24, 2020 BY Valentina Kirilova

What has happened to the Euro in June and where is it going?

If the yield differential declines to 60-basis points you will be paying away less and therefore there is less incentive to hold the US dollar. During June the yield differential between the US 10-year yield and the German 10-year yield declined to 101 basis points from 117 basis points making it less attractive to hold…

August 24, 2020 BY Valentina Kirilova

Weekly forex data: GDP around the world

Key data this week Bold indicates the most important releases for this symbol. Tuesday 25 August, 6.00 GMT: German quarterly GDP growth (final, Q2) - consensus -10.1%, previous -2% Tuesday 25 August, 6.00 GMT: German annual GDP growth (final, Q2) - consensus -11.7%, previous -2.3% Tuesday 25 August, 8.00 GMT: Ifo Business Climate (August) -…

August 24, 2020 BY Valentina Kirilova

Boerse Stuttgart develops financing method for industrial capital goods using blockchain

Dr Ulli Spankowski, Chief Digital Officer of Boerse Stuttgart GmbH, commented: The project shows what novel investments are possible with blockchain-based tokens for investors in the industrial sector. At the same time, companies gain greater flexibility for the financing of capital goods. With a view to this and further new markets we are creating an end-to-end ecosystem for…

Daily Market News: Tesla suffers worst day in history as tech names continue to rout

Exclusive: ATFX expands marketing team, hires CMC Markets' Michael O’Sullivan

Daily Market News: Japanese equities fall and yen surges on rumours Prime Minister Abe to resign

Daily Market News: Global equities hit record high, all eyes now on Fed

Daily Market News: American Airlines, Bed Bath & Beyond both cutting thousands of jobs

Exclusive interview: In talks with BlackBull Markets' Michael Walker

Daily Market News: Exxon to exit Dow Jones Industrial Average after more than a century

What has happened to the Euro in June and where is it going?

Weekly forex data: GDP around the world

Boerse Stuttgart develops financing method for industrial capital goods using blockchain

Stock Market Lifts Its Head After Dry Spell

BBVA Shakes Up Markets After Announcing Hostile Takeover Bid For Banco Sabadell

Duolingo Price Drops Over Future Growth Concerns

Starbucks Under Pressure Following Earnings Miss

Shell To Sell Energy And Chemicals Park In Singapore