Forex Weekly Look Back: CMC Markets expands share baskets range, ASIC places new license conditions on SocGen LeapRate

June 19, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: CMC Markets expands share baskets range, ASIC places new license conditions on SocGen

Global Fintech provider Broadridge Financial Solutions, Inc. (NYSE:BR), announced that LTX, its new AI-driven corporate bonds trading platform, has executed its first trades. In the creation of LTX, Broadridge partnered with Jim Toffey, founder of Tradeweb Markets. The platform combines artificial intelligence (AI) with a new digital execution protocol that allows broker-dealers to improve market liquidity,…

June 18, 2020 BY Valentina Kirilova

Daily Market News: Fed chairman Powell warns stimulus withdrawal could jeopardise economic gains

UK inflation sinks to four-year low London markets closed before the American Covid-19 case news drove US-listed shares into the red; the FTSE 100 gained 0.2% on Wednesday, with the FTSE 250 up 0.7%. In economic news, the UK inflation rate slowed to 0.5% in May, its lowest level since mid 2016. One major drag…

June 18, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar is staging a slow comeback

EUROPEAN SHARES European share markets opened mostly lower on Thursday, following a similar trend overnight in Asia, as investors’ appetite for risk loses momentum. This decreasing interest towards riskier assets came after there were rises in infections in more and more locations, sparking fresh concerns about the economic recovery. Even if the recent reassuring macro…

June 17, 2020 BY Valentina Kirilova

Daily Market News: Markets continue to bounce, US retail sales jump 18% in May

What to watch National Grid: Compared to the wider market of London-listed stocks, it has been smooth sailing for National Grid in 2020 so far. The firm’s share price is close to breakeven for the year, and has essentially been flat for months. National Grid reports its latest set of quarterly earnings on Thursday. Currently,…

June 17, 2020 BY Steffy Bogdanova

OPEC+ agreement on oil production cuts may restore oil prices

Mazrouei continued: Are we going to have a second wave or not? I hope not. I hope we’re not going to limit travel and we will go back to at least a consumption level that is reasonable. Now we are back to the consumption level of 2013, believe it or not. Mazrouei did not define…

June 16, 2020 BY Valentina Kirilova

Daily Market News: Stocks stage comeback after Fed extends bond buying

What to watch Oracle: Software firm Oracle provides database and cloud services to businesses, and has been shifting its business towards a subscription model for years. Its share price is flat year-to-date, following a 24.7% rally over the past three months. The firm notched a significant recent win in April, when it won a cloud…

June 16, 2020 BY Valentina Kirilova

Daily market commentary: The dollar remains under pressure

EUROPEAN SHARES European shares traded significantly higher on Tuesday, with similar gains on both Asian stocks and US futures on the S&P 500. This bullish trading stance took hold during yesterday’s US session when both the Fed and Washington tried to reassure investors against rising virus numbers. While the Fed will start buying corporate bonds…

June 15, 2020 BY Valentina Kirilova

Weekly data preview: more losses for shares; covid’s second wave feared

Key data points Bold indicates the most important release for this symbol. Tuesday 16 June, 20.30 GMT: API crude oil stock change (12 June) - previous 8.4 million Wednesday 17 June, 14.30 GMT: EIA crude oil stock change (12 June) - previous 5.72 million Friday 19 June, 17.00 GMT: Baker Hughes oil rig count (19…

June 15, 2020 BY Valentina Kirilova

Daily Market News: Stock markets slide as infection rates in China and US spike

Bank governor says central bank ‘ready to take action’ after GDP contraction Over the weekend, following a week in which the FTSE 100 fell by just shy of 6% and it was revealed that the UK economy shrank by 20.4% in April, Bank of England governor Andrew Bailey said that the central bank is “ready…

June 15, 2020 BY Valentina Kirilova

Daily market commentary: The trend for oil has changed again

EUROPEAN SHARES European stocks drifted lower at the opening on Monday, extending losses registered earlier this morning by Asian benchmarks, as the appetite for risk assets decreases. This risk-off mood, initially triggered last Thursday by fears of a second virus wave, has been confirmed over the weekend after a rise in the number of new…

Category: Market News