What to watch Pending home sales data: On Monday, the US National Association of Realtors will report its February pending home sales figures. Economists are predicting that there will be significant pullback after a 5.2% bump in January. While the period being reported on doesn’t include the recent depths of the crisis, it may provide…
Read more
OIL The weakness of stock markets is adding further bearish pressure on the oil price, with the WTI benchmark again approaching the psychological threshold of $20. Markets are now betting that the crisis could be relatively long, and the barrel is the perfect asset to be shorted by traders. From a technical point of view,…
Read more
House Speaker Nancy Pelosi said: Our nation faces an economic and health emergency of historic proportions due to the coronavirus pandemic, the worst pandemic in over 100 years. The history signing ceremony was held in the White House, no democratic lawmakers were invited, however, President Trump thanked "for coming together, setting aside their differences and…
Read more
BDSwiss Group CEO, Alexander W. Oelfke commented during the meeting: 2019 was our year, we’ve seen immense growth and expansion and we couldn’t have done it without the dedication, loyalty and commitment of our global teams and partners. Our stellar performance in 2019 reinforces that we are on the right trajectory – taking full advantage…
Read more
EUROPEAN SHARES Friday saw most European benchmarks consolidate following a solid three day rally. The market sentiment remains alive today, thanks to the global support measures taken in almost every region. However, investors around the world may be tempted to take some profits before the weekend. The spread of the virus doesn’t seem to be…
Read more
S&P 500: +6.2% Thursday, -18.6% YTD Dow Jones Industrial Average: +6.4% Thursday, -21% YTD Nasdaq Composite: +5.6% Thursday, -13.1% YTD FTSE climbs as government tacks on support for the self-employed Both the FTSE 100 and the FTSE 250 climbed higher on Thursday, although both still remain in a bear market. Yesterday, Chancellor Rishi Sunak added…
Read more
The Securities and Exchange Commission announced yesterday a temporary flexibility for registered funds affected by the recent volatile market situation to borrow funds from certain affiliates and to enter into certain other lending arrangements. The relief is interceded to provide funds with additional tools to manage their portfolios so that all shareholders as investors may…
Read more
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…
Read more
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…
Read more
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…
Read more