Bank of England governor says negative rates under ‘active review’ London-listed stocks closed the day higher, with the FTSE 100 up 1.1%, as Bank of England governor Andrew Bailey said that negative interest rates in the United Kingdom were under “active review.” The statement is a U-turn on his position a week ago, when he…
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Naoto Nakamura is currently Managing Director, Global Head of FX & Local Markets Trading, and Co-Head of Global Markets Sales and Trading Division at MUFG. He is also Chair of the Tokyo FX Market Committee and Forex Club, Japan. The CLS Board now comprises 20 directors in total, eight of whom are designated as Outside…
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EUROPEAN SHARES Shares opened lower in Europe, extending overnight losses for Asian benchmarks following yesterday’s pessimistic outlook in the minutes of the FOMC’s meeting. The uncertain tone continues to weigh on global market sentiment as investors, still digesting the mixed news about a vaccine, are cautiously assessing virus data as lockdown measures are eased around…
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What to watch Lowes: Following rival Home Depot’s earnings report yesterday, Lowes reports its own quarterly earnings today. Home Depot said that sales had risen sharply, but costs related to the coronavirus pandemic weighed the firm down. Analysts will be watching Lowes for how the balance of potential additional sales versus additional costs has panned…
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Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets, commented on the news: MATCHNow offers an innovative equities platform, pioneering spirit and customer-first approach that are complementary with Cboe's equities business. This is a highly strategic acquisition that enables us to expand into a new key geography, and strengthens our position as…
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OIL The oil price is slowing down after the recent rally which lifted the July expiry well above $30. Investors seem much more confident that the demand will slowly recover and the filled-up tanks were most likely an exceptional event. These elements helped drive the price higher although it is now modestly declining as we…
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Paul Beatty, Director of FX Business Development at FlexTrade, said: I am truly excited to join a global leader within the trading technology space”, said Beatty. Beatty added, “I am proud to be part of a successful global company and I am looking forward to work with the global FX team and contribute to FlexTrade’s…
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Sector Symbol YTD Change1 Monthly Volume Change2 Esports & Gaming ESPORTS +12% +221% Big US Tech FAANG +10% +176% Biotech BIOTECH +8% +201% Chinese E-Commerce CHN.ECOMM +8% +45% Chinese Tech CHN.TECH -1% -52% eMini Dow Futures US30 -19% --- Past Performance is not an indicator of future results. 1 Year-to-date (YTD) figures calculated using FXCM’s closing bid price from…
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EUROPEAN SHARES Benchmarks in Europe are struggling to extend yesterday’s gains, which was sparked by optimism about a possible vaccine against Covid-19. However, yesterday’s euphoria is now nuanced by today’s uncertainty as investors brace themselves for the Fed Chairman Jerome Powell’s speech, which will provide them with more clues on the state of the recovery…
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What to watch Walmart: Grocery giant Walmart’s 90% plus share price gain between the beginning of 2016 and end of 2019 was in part driven by the firm’s successful transition to an online world. The company reports its Q1 2020 earnings today, having outperformed the broader market by a significant margin in 2020. Year-to-date,…
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