Saxo Bank warns that equities face the worse outlook since 2008. The current coronavirus crisis comes just after the US-China trade war put things out of balance and slowed growth. Supply and demand shock come together with oil price war between Russia and Saudi Arabia. The bank expects in the worst-case scenario, that the S&P…
Read more
UK Banks in the spotlight for dragging heels on small business help It was a mixed but relatively flat day for London-listed stocks, with banks again back in the spotlight over concerns that they have been sluggish in issuing emergency business loans to customers under a government scheme launched last week. Late on Thursday, post-market…
Read more
Saxo Bank Group announced lower profit of DKK 40 million net profit this year, but record number of new clients in its 2019 report. Retail FX brokerage group Admiral Markets announced that it has expanded its Premium Analytics portal to include featured trading ideas from Trading Central. Traders can now use Admiral Markets’ Premium Analytics portal to…
Read more
Harry Adams and Carl Jani, Co-CEOs commented: While it is too early to ascertain the full ramifications of COVID-19 on markets and corporates alike, the Group’s high quality, credit worthy client base, risk framework and disciplined liquidity management positions the Group well in pursuit of its long-term growth objectives. Our continued strong performance underlines the…
Read more
The premium accounts condition on Prime have also improved. The minimum deposit amount is now only 100 USD instead of 5,000 USD as it used to be. And the leverage value for professional clients was boosted up to 1:300. Anton Ivanov, a marketing manager at RoboMarkets commented: We’re holding to our course on the improvement…
Read more
Imanishi was previously executive director in Optimisation Japan at CME Group. He also had a position as CEO Asia Pacific, TriOptima where he oversaw TriOptima’s compression and portfolio reconciliation business in APAC. Imanishi has also held a number of positions at Nomura and other banking groups across Australia, Japan and Singapore. Kate Birchall, Head of…
Read more
Nihad Silawi, ICM.com’s Operations Manager, has been appointed to head the new ICM.com office. Silawi is an expert in areas such as trading, investments, financial analysis, business development and strategic planning. As we keep adding to our growing list of regulated entities around the world, we’re incredibly proud of the new office that has opened…
Read more
No critical data covering the recent coronavirus spread period has been published, except for the Canada Markit Manufacturing PMI that dropped to 46 from 51.8 prior, and lower than the 53.3 anticipated. The PMI is a leading economic indicator, and it suggests that the Canadian economy has slowed down sharply. We also know that the…
Read more
Refinitv’s report on alternative data is based on thousands of alternative data sources, hundreds of case studies and millions in global spend. The report found that there is growing interest in alternative data sector. The alternative data market, however, is a fraction of the multibillion-dollar market for access to stock market and other financial data…
Read more
EUROPEAN SHARES Early declines on European stocks erased the advance registered during pre-market trading with uncertainty reigning everywhere this morning. Despite a new stimulus plan announced by Beijing overnight, investor sentiment continues to be dominated by the recent disappointing developments in the struggle to stem the spread of the coronavirus. The death toll continues to…
Read more