Category: Market News

brexit gbp
November 21, 2023 BY Simon Mugo

GBPUSD Rallied Higher on the BoE Policymakers’ Testimonies

BoE Governor Andrew Bailey acknowledged that the latest decrease in inflation was positive news and indicated that recent developments in inflation align with the central bank's expectations. While inflation is expected to end the year slightly lower than previously anticipated, Bailey stressed that this reduction is not substantial. ______________________________________________________________________ Don’t miss out the latest news,…

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November 17, 2023 BY Simon Mugo

Singapore Launches Live Pilot for Issuing Wholesale CBDCs

This significant development, disclosed by MAS Managing Director Ravi Menon, marks a departure from previous simulations and aims to evaluate the practicality and efficiency of employing CBDCs for instantaneous settlements among commercial banks. ______________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter _______________________________________________________________________ Until now, MAS had only simulated the issuance of CBDCs…

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November 17, 2023 BY Elizabeth Anderson

Goldman Sachs 2024 US equity outlook hits the wires

Surprisingly, gross domestic product growth (GDP) has been much stronger than expected. This did not, however, prevent labour market rebalances or a continued drop in inflation. Research experts at Goldman Sachs predict a 2.1% year-on-year GDP growth in 2024. Additionally, the company’s economists foresee a 2% consumption growth and a real disposable income increase of…

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November 15, 2023 BY Elizabeth Anderson

UK inflation falls to 4.6% after 45-year high in March 2023

Bestinvest’s finance analyst, Alice Haine, noted: Softening inflation is positive news for households as it means incomes might be less stretched than they have been, but a decline in the headline rate does not mean prices are reducing, just that they are rising less quickly compared to previous months. The figures were reduced after the…

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November 08, 2023 BY Elizabeth Anderson

Bayer considers a business split after 2023 financial performance projections

Bayer’s chief executive officer, Bill Anderson, said: We are looking closely at our structural options. We have an expert team – including external financial advisors – evaluating them. They’re reviewing market conditions, what structural changes would mean for our value creation, one-time costs and dis-synergies, cash flows and leverage ratios, tax leakage, and other criteria.…

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Tickmill
October 26, 2023 BY Elizabeth Anderson

A New Benchmark in Client Funds Protection: Tickmill Secures $1,000,000 Client Fund Insurance with Lloyd's

  While Tickmill has always been at the forefront of safeguarding client assets, this latest initiative introduces an additional layer of protection, one that sets it apart from many brokers in the market. The insurance policy, brokered with the prestigious Lloyd's, is a testament to Tickmill's dedication to its clients' funds protection. Tickmill already has…

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October 20, 2023 BY Elizabeth Anderson

Lithium stocks fall due to supply surplus

Although, new figures predict that the increased demand for electric and hybrid-electric vehicles and increasing energy storage systems will popularise lithium usage and push demand to $2.5 million per metric ton by 2023. In 2023, this figure is expected to hit $1 million per metric ton, a 1.25% increase if the demand trend continues. Bank…

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October 17, 2023 BY Elizabeth Anderson

Rare metals await judgement from US Federal Reserve

On Monday's trading session, however, the silver market experienced a small fallback as the 50-day EMA helped the market gravitate towards the $22.50 level. The market will be under constant observation to determine if it can hold a support level. On the Multi Commodity Exchange (MCX), India, gold prices continue to fall; analysts suspect the…

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