Monday, March 1, 2021
Forex Broker News
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    celox forex broker homepage

    Celox Review

    Onorio

    Onorio Review

    Lucrum pro Lucrum.pro

    Lucrum Pro Review

    plutus Global homescreen

    Plutus Global Review

    jp finance broker

    JP Finance Review

    galore pro forex broker

    Galore Pro Review

    profit trade review

    Profit Trade Review

    LegacyFX Review

    LegacyFX Review

    City Index Review

    City Index Review

  • Broker Types
  • Forex Jobs
    • Marketing
    • Customer Support
    • Web Development
    • Compliance
    • Sales
    • Trading Solutions
    • IT
    • R&D
    • Administrative
    • Business Analyst
  • News
No Result
View All Result
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    celox forex broker homepage

    Celox Review

    Onorio

    Onorio Review

    Lucrum pro Lucrum.pro

    Lucrum Pro Review

    plutus Global homescreen

    Plutus Global Review

    jp finance broker

    JP Finance Review

    galore pro forex broker

    Galore Pro Review

    profit trade review

    Profit Trade Review

    LegacyFX Review

    LegacyFX Review

    City Index Review

    City Index Review

  • Broker Types
  • Forex Jobs
    • Marketing
    • Customer Support
    • Web Development
    • Compliance
    • Sales
    • Trading Solutions
    • IT
    • R&D
    • Administrative
    • Business Analyst
  • News
No Result
View All Result
Forex Broker News
No Result
View All Result
Home News Sources Leaprate

Daily Market News: Tesla on the road to S&P 500 as dollar tumbles

[item_description], forex and crypto market analysis

UK stocks cool on Brexit trade fear and China tensions

Table of Contents

  • RELATED POSTS
  • Avelacom launches connectivity, market data and infrastructure solutions on Brazil’s stock exchange
  • Nuvei announces brand merger with SafeCharge
  • NYMEX and two former employees to pay $4 million for disclosing trading information

RELATED POSTS

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

Nuvei announces brand merger with SafeCharge

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

Both major UK stock indices fell on Wednesday on the back of rising China tensions and Brexit trade gloom, with the FTSE 100 down 1%. Both indices dipped on the news that the UK Government was close to ‘giving up hope’ of a Brexit trade deal as World Trade Organisation arrangements loomed. Similarly, fears of mounting tensions with China continue to weigh on the minds of investors. The best performer on the day for the FTSE 100 was Kingfisher plc, owner of the B&Q retail chain, which gained 14.6% on the back of better-than-expected outlook for profits. It was followed by mining firm Fresnillo, up 9.6% and packaging firm Smurfit Kappa, up 2.8%. Leading the FTSE 100 down, however, was turnaround specialist Melrose Industries, down 14.2%, as it announced job cuts and a halting of the dividend. It was followed by hotel and restaurant firm Whitbread and high-end fashion house Burberry Group, both down 4.1%. In the FTSE 250, which lost just 0.2%, the biggest rise was Mediclinic International, rising 15.6%, followed by Computacenter at 12.3% and Petropavlovsk up 8.7%.

  • FTSE 100: -1% Tuesday, -17.6% YTD
  • FTSE 250: -0.2% Tuesday, -20.1% YTD

What to watch

RBS: The Royal Bank of Scotland, or RBS, is no more and is now known as NatWest. It reports interim results amid a flurry of announcements to promote the name change. The bank’s bosses admitted the RBS brand had become ‘toxic’ and so settling on the familiar NatWest is an attempt to move away from the post-crisis image of a failed, nationalised bank. The lender reports interim results on Friday, with a tough outlook predicted as it weathers the storm of coronavirus, with withheld credit payments from borrowers affecting profits. The bank is well-capitalised, however, thanks to stringent stress-test measures in place. Investors don’t seem enamoured by this, as the share price has mostly flatlined in 2020.

Crypto corner: regulator clears the way for US banks to hold cryptocurrency

The Office of the Comptroller of the Currency (OCC) has announced, in a letter seen by Coindesk, it is now permitting US Banks to hold cryptoassets for their customers.

The announcement clears the way for mainstream regulated banks to hold unique cryptographic keys for cryptoasset wallets, essential for such providers to store digital wealth assets for clients. The measure paves the way not only for private clients to hold digital assets at banking providers, but also for cryptoasset firms to deal more easily in digital assets instead of relying on fiat currency.

ADVERTISEMENT

The letter, addressed to an unidentified bank, stated:

The OCC recognizes that, as the financial markets become increasingly technological, there will likely be increasing need for banks and other service providers to leverage new technology and innovative ways to provide traditional services on behalf of customers.

The current head of the OCC, Brian Brooks, is a former Coinbase executive who has begun introducing various technological reforms to help financial institutions better utilise modern financial technologies such as cryptoassets.


All data, figures & charts are valid as of 23/07/2020. 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: Tesla on the road to S&P 500 as dollar tumbles appeared first on LeapRate.

,

Share196Tweet123ShareSend

Related Posts

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

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

August 31, 2020
Nuvei announces brand merger with SafeCharge
Leaprate

Nuvei announces brand merger with SafeCharge

August 31, 2020
NYMEX and two former employees to pay $4 million for disclosing trading information
Leaprate

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

August 31, 2020
Moscow Exchange’s trading volumes up 10% MoM to RUB 79.9 trillion in July
Leaprate

Moscow Exchange’s trading volumes up 10% MoM to RUB 79.9 trillion in July

August 31, 2020
Playtech takes measures to maximize liquidity
Leaprate

Playtech takes measures to maximize liquidity

August 31, 2020
Daily market commentary: Gold hits new record high (yet again)
Leaprate

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

August 31, 2020

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

celox forex broker homepage

Celox Review

Onorio

Onorio Review

Lucrum pro Lucrum.pro

Lucrum Pro Review

plutus Global homescreen

Plutus Global Review

jp finance broker

JP Finance 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 Jobs
    • Marketing
    • Customer Support
    • Web Development
    • Compliance
    • Sales
    • Trading Solutions
    • IT
    • R&D
    • Administrative
    • Business Analyst
  • News

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