Saturday, January 28, 2023
Forex Broker News
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers

    VastWealth Review

    Stockscale Review

    Fibinex.io Review

    Homefx-Plus Review

    StockHome.io Review

    LegacyFX Review

    Crypto Dock Review

    City Index Review

    Forex.com Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers

    VastWealth Review

    Stockscale Review

    Fibinex.io Review

    Homefx-Plus Review

    StockHome.io Review

    LegacyFX Review

    Crypto Dock Review

    City Index Review

    Forex.com Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
Forex Broker News
No Result
View All Result
Home News Sources Leaprate

Daily Market News: Microsoft goes after TikTok’s US business despite Trump

[item_description],

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 on record in the second quarter of 2020. A chunk of the FTSE 100’s losses came on Friday, when the index fell 1.5%, dragged lower by 5% plus losses from firms such as International Consolidated Airlines Group (IAG), BT and Rolls Royce. IAG took a hit after announcing it had made a multi-billion pound loss in the first half of 2020 due to the pandemic. One bright spot on Friday came in the form of FTSE 250 constituent Pets at Home Group, which posted a 21.5% share price jump after delivering an earnings report that came in well ahead of expectations. Revenue for the quarter ending July 16 was down just 1% versus the same period last year, with pet care supply sales soaring thanks to doting pet owners stuck at home during the lockdown.

  • FTSE 100: -1.5% Friday, -21.8% YTD (-3.7% last week)
  • FTSE 250: -0.5% Friday, -22.6% YTD (-1.9% last week)

What to watch

Global Payments: Financial technology firm Global Payments, an S&P 500 constituent, offers payment services to merchants, a business that has taken a major hit as lockdowns prevented consumers from spending as normal. However, the company’s share price is close to flat year-to-date, as investors look to its presence in e-commerce payment processing, and increasing numbers of software partners, as mitigating factors. The company reports its Q2 earnings on Monday, with Wall Street analysts overwhelmingly rating the stock as a buy.

The Clorox Company: Cleaning product manufacturer Clorox is not a stock that got the blood racing pre-pandemic, having spent the past decade ticking steadily higher. But the company has been thrust into the spotlight by the pandemic, with its share price soaring 54% year-to-date as demand for its products has skyrocketed. In addition to consumer demand, the pandemic has presented other commercial opportunities, such as the company’s partnership with United Airlines to develop the airline’s new cleaning protocols. Coping with demand, the stickiness of newly won customers and the potential for more corporate partnerships are all likely topics of discussion on the firm’s Monday earnings call. Currently, Wall Street analysts favour a hold rating on the stock.

BP: Oil titan BP delivers its earnings report on Tuesday, six weeks after announcing that it wrote down up to $17.5bn in the value of its assets following a cut to its long-term oil and gas price forecasts. The company’s share price is down by close to 50%, which has pushed its dividend yield into double digits. Its commitment to that dividend and the sustainability of the payment will likely be a key feature of the firm’s Tuesday morning (BST) earnings call. BP’s business has many different pieces, some of which are hurt by lower oil prices and some of which benefit, although all segments are likely to have suffered from a drop-off in demand due to the pandemic.

Here comes the dealmaking

ADVERTISEMENT

One inevitable effect of any industry that goes through turmoil is an increased volume of mergers, acquisitions and spin-offs, as firms try to get themselves into the right shape to survive into the future. In the US, the oil, retail and travel industries are three of the hardest hit by the pandemic, and investors should be keeping a close eye on the deals that companies they own or have an eye on are getting involved in. A well timed opportunistic purchase from a position of financial strength can be the making of a business, but there will also be firms that bite off more than they can chew, or make rash decisions to acquire assets that they will never be able to successfully integrate. One huge deal came out of the energy sector over the weekend, with Marathon Petroleum agreeing to sell its petrol stations to the owners of the 7-Eleven convenience store chain for $21bn.

Crypto corner: Three arrested for Twitter Bitcoin hack, including Brit from Bognor Regis

US officials have arrested three men in connection with the recent Twitter Bitcoin hack, including a 19-year-old from Bognor Regis in the UK, a 22-year-old from Orlando, Florida and a 17-year-old from Tampa, Florida. The charges include organised fraud and fraudulent use of personal information.

The trio allegedly hacked into Twitter’s “god-mode,” where developers can access any account they need, and began spamming a Bitcoin-related scam link to the followers of the accounts. Those hacked included Elon Musk, Warren Buffett and Barack Obama. Speculation among security analysts is that it is unlikely that Twitter’s systems were “hacked,” rather that the criminals stole login information from an employee in order to gain access.

The attack took place over several hours but the scammers supposedly only netted around $120,000-worth of Bitcoin. Despite this, one of the alleged criminals has his own wealth of around $3 million-worth of Bitcoin already, according to Decrypt.


All data, figures & charts are valid as of 3/8/2020. All trading carries risk. Only risk capital you can afford to lose.  

This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information.

The post Daily Market News: Microsoft goes after TikTok’s US business despite Trump appeared first on LeapRate.

,

Share197Tweet123ShareSend

Related Posts

Leaprate

Nuvei announces brand merger with SafeCharge

December 7, 2022
Leaprate

Playtech takes measures to maximize liquidity

December 7, 2022
Leaprate

Avelacom launches connectivity, market data and infrastructure solutions on Brazil’s stock exchange

December 6, 2022
Leaprate

Daily market commentary: Gold hits new record high (yet again)

December 6, 2022
Leaprate

NYMEX and two former employees to pay $4 million for disclosing trading information

December 6, 2022
Leaprate

TradingScreen’s MARKTS and OSL partner to open up Asia’s digital asset markets to global investors

December 6, 2022

Select one of the Best Forex Brokers for your Trading  |  Read the Reviews

VastWealth Review

Stockscale Review

Fibinex.io Review

Homefx-Plus Review

StockHome.io Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. forexbroker.news is an affiliated partner with various Forex brokers and may be compensated for referred Forex traders.

Risk Disclosure: Forexbroker.news assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. speculating only the money you can afford to lose. Forexbroker.news remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, Forexbroker.news assumes no responsibility for any trading losses you might incur as a result of using this data.You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBroker.News has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBroker.News, nor shall it bias our reviews, analysis, and opinions.

  • Privacy Policy
  • Contact US
  • Terms of use,

Copyright © 2020 forexbroker.news

No Result
View All Result
  • Home
  • Forex Broker Reviews
  • Broker Types
  • Forex & Fintech Jobs
  • News

© 2020 https://forexbroker.news - Forex Broker news & magazine