The economic impact and shock will be felt across the markets for some time. FX volatility will be present as an economic effect and ultimately manifest itself in fluctuating currency rates. There are a few regulatory frameworks that were launched in the last five years that anyone who want to establish an FX Fund in…
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What to watch Autodesk: Software firm Autodesk’s clients include engineering, architecture, construction firms and more. Its share price has held up well in 2020, gaining 8.8% year-to-date while the broader market has tumbled, taking its 12-month share price gain to 23.8%. Investors will be watching for how the shutdown of construction projects during the pandemic…
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EUROPEAN SHARES Shares edged slightly higher in Europe on Wednesday despite a mixed session in Asia overnight fuelled by simmering Sino-American tensions. While investors now expect fresh US sanctions as a reply from the Trump administration to China’s behaviour towards Hong Kong, it certainly hasn’t killed the optimistic mood reigning on markets right now. Developments…
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OIL The oil price is consolidating, while the July expiry is challenging its recent high of $34.50. The positive mood seen in the stock markets is pulling oil up with markets now revising downwards the risks from coronavirus. The current price seems to reflect that markets are viewing the risk of a second wave as…
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EUROPEAN SHARES European stocks opened slightly higher on Monday following a mixed trading session in Asia, particularly in Hong Kong where shares extended Friday’s losses amid mounting tensions with China. The return of violence in the region is seen as a new bearish factor for share markets as traders fear it could lead to deeper…
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GOLD Gold remains in a positive technical environment, despite price declines seen yesterday. Evidence of resilience in bullion markets has been seen this morning, with a good number of investors prepared to buy into dips and seemingly not worried by price corrections. Technically, spot prices have fallen in the intraday trading below the support zone…
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Pinduoduo: Pinduoduo is another Chinese e-commerce firm with a Nasdaq listing, that has enjoyed a huge share price rally in 2020 so far — jumping by more than 50%. The company reports its Q1 earnings results on Friday morning New York time, after being downgraded from a buy rating to neutral by a Bank of…
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Bank of England governor says negative rates under ‘active review’ London-listed stocks closed the day higher, with the FTSE 100 up 1.1%, as Bank of England governor Andrew Bailey said that negative interest rates in the United Kingdom were under “active review.” The statement is a U-turn on his position a week ago, when he…
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EUROPEAN SHARES Shares opened lower in Europe, extending overnight losses for Asian benchmarks following yesterday’s pessimistic outlook in the minutes of the FOMC’s meeting. The uncertain tone continues to weigh on global market sentiment as investors, still digesting the mixed news about a vaccine, are cautiously assessing virus data as lockdown measures are eased around…
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What to watch Lowes: Following rival Home Depot’s earnings report yesterday, Lowes reports its own quarterly earnings today. Home Depot said that sales had risen sharply, but costs related to the coronavirus pandemic weighed the firm down. Analysts will be watching Lowes for how the balance of potential additional sales versus additional costs has panned…
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