What to watch Salesforce: Ahead of its Thursday earnings report, Salesforce announced a partnership with Workday yesterday to deliver tools aimed at helping companies reopen safely, which sent Salesforce stock up more than 2% in after-hours trading. Salesforce’s share price is up more than 8% in 2020 so far, as the software and services it…
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What to watch Autodesk: Software firm Autodesk’s clients include engineering, architecture, construction firms and more. Its share price has held up well in 2020, gaining 8.8% year-to-date while the broader market has tumbled, taking its 12-month share price gain to 23.8%. Investors will be watching for how the shutdown of construction projects during the pandemic…
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EUROPEAN SHARES Shares edged slightly higher in Europe on Wednesday despite a mixed session in Asia overnight fuelled by simmering Sino-American tensions. While investors now expect fresh US sanctions as a reply from the Trump administration to China’s behaviour towards Hong Kong, it certainly hasn’t killed the optimistic mood reigning on markets right now. Developments…
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The relationship with other indices As with all indices, market sentiment is crucial in driving the value of the ASX 200. It is important to monitor that public sentiment when trading in ASX 200 futures, with the IG online trading platform providing up-to-date analysis on whether traders are generally adopting long or short positions on the…
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LR: What are key traders’ demands in 2020 so far? Hisham: Traders demands have not changed much recently with most still demanding a very streamlined user journey, cost efficient and uninterrupted access to the financial markets and most of all a superior execution venue they can rely on to get their orders filled at the best…
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OIL The oil price is consolidating, while the July expiry is challenging its recent high of $34.50. The positive mood seen in the stock markets is pulling oil up with markets now revising downwards the risks from coronavirus. The current price seems to reflect that markets are viewing the risk of a second wave as…
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EUROPEAN SHARES European stocks opened slightly higher on Monday following a mixed trading session in Asia, particularly in Hong Kong where shares extended Friday’s losses amid mounting tensions with China. The return of violence in the region is seen as a new bearish factor for share markets as traders fear it could lead to deeper…
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GOLD Gold remains in a positive technical environment, despite price declines seen yesterday. Evidence of resilience in bullion markets has been seen this morning, with a good number of investors prepared to buy into dips and seemingly not worried by price corrections. Technically, spot prices have fallen in the intraday trading below the support zone…
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Pinduoduo: Pinduoduo is another Chinese e-commerce firm with a Nasdaq listing, that has enjoyed a huge share price rally in 2020 so far — jumping by more than 50%. The company reports its Q1 earnings results on Friday morning New York time, after being downgraded from a buy rating to neutral by a Bank of…
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Alex Mackinnon commented: With the changes in Australian regulations, the strongest market players will be setting the tone in the areas of a transparent business model offering competitive products and services in an ethical and transparent environment, crucial for growing financial market for leverage products to wholesale investors in Australia. CFH is a forward looking…
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