Tai currently serves as Co-President and Chief Operating Officer of HKEX and will continue in these roles along with his new appointment as Interim Chief Executive. Tai joined the Group in 1998 and has accumulated extensive experience and knowledge of the company. Calvin Tai, HKEX Co-President and COO, said: I am delighted to have been…
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Chipmakers enjoyed a positive day, with Micron Technology and Advanced Micro Devices both gaining more than 2%, although Micron plunged by more than 5% in after-hours trading following the release of its quarterly earnings. The firm told investors that it does not know when it will be able to sell to Chinese firm Huawei again,…
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In other corporate headlines, Uber won back its license to operate in London after a court battle that has run for several years, ensuring its right to operate in one of its largest markets. Uber stock closed 3.2% higher following the news. S&P 500: +1.6% Monday, +3.7% YTD Dow Jones Industrial Average: +1.5% Monday, -3.3%…
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GOLD As soon as the dollar’s recovery stopped, gold has been able to rebound, consolidating the strength of the support placed at $1,850-$1,860. Indeed, as long as the price remains above this threshold the main trend remains positive, while a decline below $1,850 would denote some further weakness. From a fundamental point of view, despite…
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Being part of a global online trading community can provide an invaluable support network. Collaborations, information-sharing and mutual advice can all be accessed through social trading. It also leads to greater trading efficiency, and it serves as an insightful learning environment for new and experienced traders. Social trading requires no personal analysis of the markets, therefore it's…
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Key data this week Bold indicates the most important releases for this symbol. Wednesday 30 September, from 1.00 GMT: American presidential debate Wednesday 30 September, 6.00 GMT: British annual GDP growth (Q2, final) - consensus -21.7%, previous -1.7% Wednesday 30 September, 6.00 GMT: British quarterly GDP growth (Q2, final) - consensus -20.4%, previous -2.2% Wednesday…
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Ramy Soliman, Chief Strategy Officer, commented: I’m pleased to announce to launch of our Agency FX service, and I believe that the offering we have put together is well-positioned to go above and beyond in meeting the sophisticated requirements of institutional clients, such as smaller hedge funds or tier 2-3 banks, seeking consolidated access to…
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Felix Cloke, Institutional Sales at Swissquote commented: In such a competitive market space it is vital to remain on the cutting edge. Swissquote remains devoted to evolving their institutional offering and the latest iteration of this comes from marrying its liquidity offering with oneZero’s robust infrastructure allowing both entities to focus and deliver their respective…
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EUROPEAN SHARES European markets opened higher on Monday, continuing the trend registered overnight in Tokyo, Hong-Kong and Seoul as investors welcomed the latest encouraging data from China. While Beijing's economic recovery seems to be well underway, tensions with Washington continue to grow after the US issued another export restriction on China's largest chipmaker. Monday morning's rally…
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Energy stocks fall 8.6% in a week While the S&P 500 and Dow Jones Industrial Average both fell last week, the tech heavy Nasdaq Composite managed to eke out a 1.1% gain. Tech giants Amazon, Apple and Microsoft all posted positive weeks, but remain down between 9% and 10% apiece over the past month. In…
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