What to watch Carmax: Over the past three months, Carmax has delivered an astonishing recovery. Its share price is up 11.7% year-to-date but has gained more than 100% in the past three months alone to dig itself out of a deep hole. The firm, which provides an online marketplace for buying and selling used and…
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What to watch National Grid: Compared to the wider market of London-listed stocks, it has been smooth sailing for National Grid in 2020 so far. The firm’s share price is close to breakeven for the year, and has essentially been flat for months. National Grid reports its latest set of quarterly earnings on Thursday. Currently,…
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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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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…
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The deputy governor of the BoE, Sam Woods contacted other bank executives to ask them to cut dividend payments and to confirm by Tuesday evening. Prudential Regulation Authority, part of BoE, stated: Although the decisions taken today will result in shareholders not receiving dividends, they are a sensible precautionary step given the unique role that…
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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…
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The UK regulation authorities announced last week a set of unprecedented measures to support UK businesses and protect jobs: For large firms of investment grade or equivalent, the COVID Corporate Financing Facility (CCFF) will provide additional help to address disruptions in the cashflow caused by the Covid-19 pandemic. For small and medium-sized businesses (SMEs), the…
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Jon Cunliffe, the deputy governor for the financial stability of the Bank of England (BoE), warned that the rise of crypto economy may ultimately weaken or even eliminate bank credit issuance. In a speech at the London School of Economics on 28 February, Cunliffe predicted that implementation of stablecoins on social media platforms may lead…
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The following article was submitted by Michael Stark, market analyst at Exness. The most important events this week for forex markets are the meetings of the Fed and the BoE on Wednesday and Thursday. Other key releases include GDP in the USA and various countries in the eurozone. Last week’s most important scheduled event was…
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The following article was written by Alejandro Zambrano, Chief Market Strategist at ATFX UK. With seven days to the January 30 Bank of England rate meeting, the rate markets are anticipating the central bank to ease the interest rate from 0.75% to 0.50% with a likelihood of 61%. Weak GDP growth and comments from the…
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