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CMC Markets

CMC Markets
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CMC Markets is a UK-based financial derivatives dealer. The company offers online trading in spread betting, contracts for difference and foreign exchange across world markets.
Donald Trump
The decline in US stocks last week was the biggest one week decline since last year’s US election, and it surely reflects some concern that the optimism about President Trump’s various programs for reform may well have been somewhat misplaced. President Trump is already having to row back on his...
German Economy
While markets in Europe managed to eke out some gains yesterday the decline in US markets continued after the expected vote on the new health care bill to replace Obamacare was postponed, due to a failure to garner enough support for it. Nonetheless it looks set to be a disappointing...
London Stock Exchange
While European markets slipped back sharply yesterday, US stocks managed to stabilise after their big falls on Tuesday. This stabilisation is likely to see a slightly more positive open for Europe today however the catalysts that prompted Tuesdays slide remain a concern for investors. Concerns remain about the ability of...
US Stock Market
US equities tumbled last night, as the FBI probe called President Trump’s credibility into question again. That catalysed a new wave of concerns on whether the new administration can deliver on its promises of fiscal stimulus, financial deregulation and tax reform. Apparently, risk assets were facing a headwind of a...
US Stocks
After the S&P500 posted its biggest one day fall since last October last year the question being asked is whether the scales are starting to fall away from investor’s eyes as to whether President Trump will be able to deliver anything close to what has been priced into markets...
Oil Prices Rise
The S&P 500 index slid for a third day, dragged by financial (-0.9%) and utility (-0.68%) sectors. Market sentiment has been weighed by news that the FBI is probing possible ties between Russia and Donald Trump’s presidential campaign, according to FBI director James Comey in a House intelligence committee hearing...
US Dollar
Global equities rallied last Thursday and Friday as the Federal Reserve finally made the decision to lift the interest rate by 25 bps, bringing certainty and confidence to investors. Right now, the probability of June and September rate hikes stands at 53% and 80% respectively, showing that the market expects...
Stocks NYSE
Global equities rallied on Thursday, cheering the Fed’s decision to raise interest rates by 25bps as it not only provided certainty around monetary policy, but also strengthened investors’ confidence in the US economic outlook. The US dollar, however, slumped over 1.55 over the last two days, fuelling the rally in...
Federal Reserve

Waiting for the Fed

Asian markets opened broadly lower this morning, following a pull-back of US equities last night. The S&P 500 index has consolidated for a second week. It seems that the unstoppable ‘Trump rally’ is finally cooling off in the headwind from the Fed. A higher interest rate will increase the government’s...
Asian Stocks
It has been an exciting year for stock traders. The ‘Trump effect’ spurred equity-market rallies globally in January and February, and now the focus has shifted toward Europe. This is going to be a ‘Super Week’ for FX traders, with the FOMC and Dutch election coming through on Thursday, and...
British Pound vs US Dollar
tock markets have been steady overnight with US index futures down slightly while the FTSE and Dax are up slightly. The biggest move was in the Hang Seng which staged a 1.1% catch up rally after underperforming last week. This action feels like the calm before the storm with several...
Mario Draghi
The EUR/USD pair rebounded as much as 0.7% last night, before retracing back to the 1.058 area this morning, following European Central Bank president Mario Draghi’s hawkish speech. Mr Draghi declared victory against deflation and the ECB no longer had a sense of urgency to take further actions to drive...
Crude Oil
Crude oil prices plunged over 5% this morning after the US DoE reported that its commercial inventory increased by 8.2 million barrels over the last week, far exceeding the consensus of 2.5 million. The data catalysed a new wave of glut concerns as the higher oil price might spur North...
Gold
US equity indices continued to consolidate last night as the market tried to price in a 96% chance of a rate hike in March. Traders might want to strike the right balance between the fully anticipated rate hike and the uncertainty surrounding this Friday’s nonfarm payroll number. Market participants expect a...
Stock Market Janet Yellen FOMC
A pull-back was seen among US and European equities last night, mainly due to profit-taking activities and risk-off sentiment ahead of the Federal Reserve’s impending rate-rise decision next week. US factory orders rose 1.2% month on month, higher than the market consensus of 1% growth. Durable goods orders climbed 2%,...
US Dollar
As expected, Federal Reserve Chairwoman Janet Yellen indicated that a March rate rise ‘would likely be appropriate’ if economic conditions were to hold. That was very much in line with other Fed officers’ opinions and led to an even higher expectation – near 94% - of a 25bps rate rise...
US Dollar Japanese Yen
We’ve seen a little bit of a pullback overnight in Asia after this week’s gains and a lower US close yesterday as investors indulge in a bit of profit taking ahead of the weekend, and this is likely to see a lower open in Europe today. All of this week...
US Stock Market Traders
Records tumbled one after the other yesterday as equity markets across the world went on a tear in the wake of US President Donald Trump’s pledge to spend up to $1trn on rebuilding the infrastructure of the United States, with the FTSE100 and FTSE250 both making an closing at...
US Stocks
March is off to a strong start for stock markets around the world. US index futures are up 0.4% to 0.6% with the NASDAQ leading the charge. Overseas markets have been even stronger with the Nikkei and Dax both up 1.4% and the FTSE up 1.0%. President Trump's speech to...
Donald Trump
It was twelve and out for the Dow last night as it finished slightly lower ahead of President Trump’s speech to Congress earlier today, while more hawkish interventions last night from Fed officials saw the prospect of an interest rate move in two weeks’ time rise even further to...
Donald Trump
Twelve in a row and counting as the Dow closed higher for yet another consecutive record close, as well as new record highs for both major US benchmarks, and this looks set to translate into a positive European open this morning. The catalyst was once again orchestrated by President Trump...
London Stock Echange
The pound has come under pressure in Asia early on with some reports suggesting that the Scottish government could look to call another independence referendum sometime next year, though the weakness may well have also been prompted by other reports that UK Prime Minister Theresa May could well introduce...
Royal Bank of Scotland
Nine years and counting as Royal Bank of Scotland announced its ninth successive annual loss in a row. The loss wasn’t a surprise given that the bank announced it would set aside over £3bn in January in respect of its outstanding mortgage backed securities probe which it has yet...
Federal Reserve
What did last nights Fed minutes tell us that we didn’t already know? The answer is not much. Just over a week ago an unexpectedly hawkish Janet Yellen caught investors by surprise when she reiterated her comments that waiting too long to raise rates would be unwise, though she also...
Lloyds Banks
Whoever said low risk equates to low profitability obviously didn't have Lloyds Banking Group in mind, as the bank's recovery story continued this morning after it reported a pre-tax profit of £4.2bn, its best numbers in 10 years. In a sign that the bank is slowly consigning its legacy issues...
German Economy
With US markets off yesterday European markets had a fairly subdued session, but it was noticeable that French markets in particular were feeling the strain, particularly bond markets which saw a sharp widening of yield differentials as opinion polls showed an even closer race for the French Presidency with...
DAX
US investors don’t appear to be in any hurry to give up on the Trump trade quite yet, after another record close on Friday, despite the fact that details of President Trump’s new stimulus plan continue to prove to be about as elusive as water in the desert. For all...
Trader Stocks
It’s been another record breaking week for US stock markets, as well as the FTSE250, both of which have managed to post record highs on consecutive days throughout the week. Yesterday saw that winning run come to an end, but in the case of the US, the losses seen were...
Donald Trump
Whatever political problems President Trump maybe having on the staffing front with resignations and the like financial markets remain largely ambivalent, choosing to focus on last week’s promise to deliver something “phenomenal” in a couple of weeks’ time, as US markets hit new record highs for the fifth day...
Federal Reserve FOMC Stocks
In the space of five days the Dow has gone from 20,000 to be within touching distance of the 20,500 level, while the market capitalisation of the S&P500 reached $20trn for the first time ever as investors stampeded into US stocks in what can only be described as a...
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