The Nasdaq Composite also gave up gains in an end-of-day selloff, which in the Nasdaq’s case took it into negative territory for the day. Several names that have been faring better than the broader market overall fell hardest, including Netflix and Gilead Sciences, which sank 4.2% and 5.8% respectively. S&P 500: +1.2% Wednesday, -23.4% YTD…
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Additionally, TechFinancials announced that Eitan Yanuv will move from independent Non-Executive Director to Non-Executive Chairman of the Company effective 1 April 2020. Yanuv has been Chairman of the Audit Committee for 5 years and has substantial experience in the company. His predecessor, Chris Bell, has been the Non-Executive Chairman since IPO and is now stepping…
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The company has a capital markets license with the MAS that allows CFH to offer OTC Derivatives Contracts and leverage products in line with the agency regulations. The available products will be Spot FX, precious metals and energies and global stock indices. Alex MacKinnon CEO, CFH Singapore said: We recognise the many benefits of Singapore…
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What's next? As lockdowns have been extended in Europe, likely, the next PMI reading will also be bad. However, the stock markets are forward-looking, and I suspect that they will be more interested to see what will happen with the development of Covid-19, and how the Chinese economy is doing, for clues to what may…
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EUROPEAN SHARES Share markets opened lower everywhere in Europe on Thursday as uncertainty remains the overriding sentiment and has pushed investors into taking any profits generated by this week’s recovery attempt. The fact remains that investors from around the world have welcomed the recent historical batch of monetary and fiscal responses to coronavirus and these…
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As the business opportunities in the offline market expand, GMO FG’s listing will also raise the social recognition and credibility of the company. The listing will also advance service and system development capability through the procured capital which will also facilitate GMO-FG’s 2 medium to long term sustainable business growth. GMO FG’s shares are owned…
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“Smart cities” have seen accelerated development globally. Residents use autonomous vehicles for transportation, energy is used efficiently with devices tracking real time the consumption of electricity and gas. Toyota announced its plans in January for building a sustainable prototype in early 2021. The Woven City will be built in a 175-acre site at the foot…
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OIL Risk-on remains predominant on markets. This is moderately helping the oil price in its attempt at a difficult recovery, as investors are still worried about the huge oversupply that is likely to remain the main topic for the next few months. The WTI price jumped up to $25 in the first part of the…
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Hardest hit industries lead historic rally It was the sectors that have suffered the most in recent weeks that led Tuesday’s mammoth rally, with the S&P 500’s energy names rallying 16.3%, financials 12.8% and industrials 12.8%. Within the industrial sector, airlines had the best day with a 19% gain; Delta Air Lines climbed 21% despite…
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At his new position at big xyt, Hills will help advance the client innovation through a partnership engagement model. Hills will be responsible for stimulating and popularizing client awareness of the full breadth and depth of the company’s products and services. This will help the clients not only to observe the market, benchmark and analyse…
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