FTSE climbs, Tesco begins laying off temporary workers London-listed stocks mirrored the US with a positive start to the week yesterday, with the FTSE 100 and FTSE 250 rallying by 1.6% and 1.7% respectively. Chancellor Rishi Sunak told Parliament that small businesses will get access to 100% taxpayer-backed loans of up to £50,000 that they…
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For its current clients, IS Prime can move positions in its existing US and UK spot indices into the new products. Jonathan Brewer, Managing Partner at IS Prime commented: Many brokers have not recognised the truly catastrophic effect that negative rates can have on them. Individual retail brokers could face losses in the hundreds of millions…
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Foreign-held US dollar debt At the end of January, the Bank of International Settlements published its global liquidity indicators for the period ending in September of 2019. It showed that US dollar debt held by non-bank borrowers had grown by 5% year-on-year to a total of $12.1 trillion. Of this sum, $3.8 trillion was held…
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FTSE 100: -1.3% Friday, -23.7% YTD (-0.6% last week) FTSE 250: -1.1% Friday, -28.3% YTD (-1.1% last week) What to watch Keurig Dr Pepper: Keurig Dr Pepper is the firm behind brands including Krispy Kreme, 7Up and Evian. The firm’s share price is down 9.2% year-to-date, meaning it is performing better than the broader market.…
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EUROPEAN SHARES European share markets edged higher on Monday, with investors catching up with last week’s late rally on Wall Street and market sentiment being boosted over the weekend. The main good news came on the virus front after Italy, France and Spain registered significantly lower deaths as well as new cases, which paves the…
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Investors also shrugged them off, with the FTSE 100 led higher by homebuilders. Taylor Wimpey, Barratt Developments and Persimmon were the top three performers in the index, all with daily gains of more than 8%. The surge was prompted by Taylor Wimpey announcing that its order book has grown, with recent cancellations accounting for less…
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Australian brokerage firm Synergy FX, acquired by ACY Securities in 2018, was revived as Synergy Markets, lead by its founder Christian Dove. Synergy Markets opened for clients earlier this week and based on Synergy FX’s good standing in the industry, the rebranded version is expected to do well in the market. FX veteran Christian Dove, who ran the…
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GOLD Gold is steady at $1,728, close to its 8-year-high after new measures were announced by the ECB, which will be finalized in the first week of May. In this new world in which both the ECB and the Fed continue to unleash new stimulus packages, dramatically increasing the liquidity of cash, combined with a…
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EUROPEAN SHARES European stocks had a mixed opening on Thursday ahead of a busy day of releases, including the latest US unemployment figures as well as a new batch of corporate results. Investors welcomed encouraging data on the virus front, especially New York City reporting its lowest death toll since early April while the number…
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EUROPEAN SHARES Share markets opened mostly higher on Wednesday in Europe, despite a mixed Asian trading session overnight. The fact that market sentiment remains positive, despite mixed corporate results so far, can be seen as a “good news” at a time where many were expecting a much darker global picture due to the impact of…
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