GOLD US Treasury Secretary Steven Mnuchin’s comments yesterday about the need for a stable US dollar, has not led investors to change their view on yellow metal, and gold fever remains huge. Bullion is getting closer to $1,900, while the only resistance left for gold is the historical peak of 2011, which is just 1%…
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EUROPEAN SHARES Stocks opened slightly higher in most European markets on Thursday, retracing some of yesterday’s losses while market sentiment remains mixed and directionless on a very short-term basis. Even if most bullish trends remain valid on European benchmarks so far, especially on the DAX-30 Index, lingering concerns over the uncertainty on the timing of…
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UK stocks cool on Brexit trade fear and China tensions Both major UK stock indices fell on Wednesday on the back of rising China tensions and Brexit trade gloom, with the FTSE 100 down 1%. Both indices dipped on the news that the UK Government was close to ‘giving up hope’ of a Brexit trade…
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UK stocks flat as stronger pound balances out sentiment boost from EU aid deal The FTSE 100 was flat on Tuesday, after EU leaders agreed a 1.8 trillion euro aid and budget deal to help support member states, following days of negotiating. A jump in the value of the pound versus the US dollar tempered…
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EUROPEAN SHARES Stocks slid slightly lower in the old continent on Wednesday, following the trend set overnight in Asia, as a risk-off trading stance is emerging amid growing uncertainty. Even if most stock indices achieved fresh highs this week, boosted by the agreement on the EU recovery package, market sentiment is becoming increasingly weighed down…
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FTSE 100 falters despite vaccine news, BofE top economist says recovery has been V-shaped Despite the promising results from the University of Oxford vaccine trial, the FTSE 100 still sank on Monday, closing the day 0.5% lower. Stock wise, a mixture of names dragged the FTSE 100 lower. International Consolidated Airlines Group, British American Tobacco…
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LR: Any new company offerings you want to share with us? Khanloo: Recently, there have been stock CFDs on for instance Facebook and Google that can be traded without commission*. We also want to gradually expand our product range to include additional companies from the USA, UK, France, Germany and Spain. We have also expanded…
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EUROPEAN SHARES European stocks are trading significantly as investors welcome the deal reached by EU leaders on the new €750 billion virus relief package. While this news is the main driver, markets are also being supported by the latest positive developments in the search for a vaccine. Most investors will now switch their focus to…
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Key data this week Bold indicates the most important release for this symbol. Thursday 23 July, 6.00 GMT: German GfK consumer confidence (August) - consensus -4.8, previous -9.6 Thursday 23 July, 12.30 GMT: initial jobless claims (18 July) - consensus 1.29 million, previous 1.3 million Friday 24 July, 7.30 GMT: German Markit manufacturing PMI (flash,…
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What to watch Cadence Design Systems: CDS, a $28bn market cap electronics design and engineering services business, has enjoyed a share price gain of 44.5% in 2020 so far. During Q2, the firm announced a collaboration with Taiwan Semiconductor and Microsoft, in order to use cloud technology to reduce the signoff schedules for new semiconductor…
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