What to watch Cadence Design Systems: CDS, a $28bn market cap electronics design and engineering services business, has enjoyed a share price gain of 44.5% in 2020 so far. During Q2, the firm announced a collaboration with Taiwan Semiconductor and Microsoft, in order to use cloud technology to reduce the signoff schedules for new semiconductor…
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What to watch: BlackRock: The world’s biggest fund manager is scheduled to announce its Q2 earnings on Friday before the market opens. BlackRock is a key bellwether for the asset management industry, and following the blistering rally in equities in Q2, expectations are running high. The consensus is for earnings to come in at $6.99…
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The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs’ Sustainability Survey reported growing investor demand for ESG disclosure. The WFE sustainability survey encapsulates the extent of the engagement of its members in Environment, Social and Governance (ESG) issues across developed and emerging markets. The survey is carried out annually. The…
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Execution methods The survey also covered execution methods and their reliability and concluded that the top choices were Streaming Risk Transfer, chosen by 65% of respondents, and Primary Market Execution, chosen by 24%. Banks were more enthusiastic to trade on the Primary Market because they found it the most reliable mechanism to get their executions…
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Burberry cutting 500 jobs London-listed shares soared yesterday, with the FTSE 100 closing the day 1.8% up. Similar to the US, it was vaccine optimism driving prices higher, along with a surprise 0.6% June inflation figure, above estimates for the month but still well below the 2% targeted by the Bank of England. International Consolidated…
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EUROPEAN SHARES European shares slid lower on Thursday, mostly in profit taking moves sparked by disappointing Chinese retail sales this morning. Even if trading optimism has recently been boosted by vaccine developments, today’s poor Chinese data underline that market confidence remains feeble and reminded some investors the path to a full recovery may be longer…
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The key findings of the WFE survey include: Exchanges continue to develop sustainability efforts through the WFE Sustainability Principles. Among the exchanges participating in the survey, 41% had initiatives that correspond to all five Sustainability Principles. Almost 90% of the exchanges saw investor demand for ESG disclosure, of which 29% believed demand to be extensive.…
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Ocado UK sales grow 27% on back of pandemic The FTSE 100 was close to flat yesterday, while the FTSE 250 sank back 1.2% with its year-to-date loss now well past 20% again. In earnings news, online grocer Ocado reported earnings for the six months ended May 31. The firm delivered a pretax loss of…
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EUROPEAN SHARES European shares continue to trade higher on Wednesday, alongside Asian equities and US Futures, as vaccine hopes keep on fuelling the market’s current bullish sentiment. Moderna’s promising results from its vaccine trial have helped sustain market sentiment today, and this optimism even offset new cases of the virus spotted around the world. However, the…
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London-listed stocks close higher before US selloff The FTSE 100 and FTSE 250 closed the day on a high, closing before the winds shifted in the US later on Monday, with both finishing more than 1% up. A variety of sectors helped the FTSE 100 higher, with brokerage Hargreaves Lansdown, pest control business Rentokil and…
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