Chipmakers enjoyed a positive day, with Micron Technology and Advanced Micro Devices both gaining more than 2%, although Micron plunged by more than 5% in after-hours trading following the release of its quarterly earnings. The firm told investors that it does not know when it will be able to sell to Chinese firm Huawei again,…
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EUROPEAN SHARES European markets opened higher on Monday, continuing the trend registered overnight in Tokyo, Hong-Kong and Seoul as investors welcomed the latest encouraging data from China. While Beijing's economic recovery seems to be well underway, tensions with Washington continue to grow after the US issued another export restriction on China's largest chipmaker. Monday morning's rally…
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EUROPEAN SHARES Volatility continues to increase in stock markets as the week draws to an end, especially in Europe, where most benchmarks opened mixed but with strong price actions. Rising virus infections are weighing on market sentiment, principally after France and the UK registered new record numbers. Investor hopes are now that new governmental stimulus…
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The Trump Administration issued two executive orders last week giving US companies 45 days’ notice to stop dealing with TikTok and WeChat, a Chinese messaging platform owned by Tencent. Trump alleges that the Chinese government has access to user data collected through the TikTok app. Trump said: It can’t be controlled, for security reasons, by…
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FTSE 100 tumbles back as UK opening pauses London-listed shares tumbled last week, with the FTSE 100 sinking by 3.7%, taking its year-to-date loss back past 20%. The postponement of further easing of lockdown restrictions in England was one factor affecting sentiment, as was the news that the Eurozone economy shrank at its fastest rate…
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FTSE 100 finishes higher while UK car production vanishes London markets closed out the day before the announcement of President Trump’s conference on China, and so did not go through the late day sell-off experienced in the US. The FTSE 100 ended 1.2% higher, while the FTSE 250 gained 1.1%, with the performance of the…
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EUROPEAN SHARES Shares opened lower throughout Europe as uncertainty rises ahead of what may prove to be an eventful day. Even if simmering Sino-US tensions are nothing new to investors, the relationship between the two blocs has now become the biggest source of uncertainty to markets. President Trump is set to hold a press conference…
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The following market analysis was prepared for LeapRate by Ramy Abouzaid, ATFX (AE) Head of Market Research. Faced with a historical impeachment, Trump tweeted “I’m not worried!” Democrats: “We did not choose this impeachment”, Republicans answer “oh come on”. On Wednesday the 18th of December - a Democratic-led US House of Representatives impeached US President Donald…
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President Trump has faced yet another legal backlash, as Deutsche Bank received an order to disclose his financial records. The decision that took place last week is just the latest one that is going to be decided on by the Supreme Court. Trump had 7 days to appeal the ruling that rejected his bid to…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 4, 2019. This is not a trading advice. See details below: FOREX/BREXIT The pound reached a six-month high to touch $1.3044 during early Wednesday trading. This follows the latest election poll, which points to a widening of the Conservative lead…
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