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.
Last Friday’s US non-farm payrolls report was above average, but nothing special.228,000 jobs were added in November, but the October report was revised lower by 17,000. The more predictable unemployment rate held steady at 4.1%. Average earnings rose by 0.2% and 2.5% on a month-on-month and year-on-year basis respectively, but both...
The UK and the EU have made sufficient progress in the Brexit talks, and now they can move on the trade aspect of the negations.The political mood has been lifted, but the FTSE 100 is underperforming its Continental counterparts due to a firmer pound.The DAX has been given a boost after Martin Schulz,...
Equity markets in Europe are cautiously optimistic this morning, as the strong finish in Asia overnight has lifted sentiment.European equity markets have struggled to hold onto gains recently, but for the time being traders are optimistic.GVC Holdings announced it is in advanced talks with Ladbrokes Coral about a potential takeover, and the...
Having seen some decent gains so far this year there appears to be increasing evidence that markets are starting to look a little tired. The first clues appeared yesterday when US markets after racing out of the blocks on Monday found it difficult to hold onto a lot of...
European markets had a decent day yesterday, while US markets made new record highs in the aftermath of the weekend senate vote on tax reform. At one point the Dow had made gains of over 300 points, however it gave up over half of those gains to only close...
It was another roller-coaster week for Europe’s markets last week, reversing all of the gains seen in the previous week and finishing on the lows on news out of the US that President Trump’s ex national security adviser Michael Flynn had pleaded guilty to lying to the FBI. It...
Today’s main event is expected to be the OPEC meeting in Viennawhere it is expected that oil ministers will extend the output freeze by another 9 months, until the end of 2018. That is certainly what a ministerial committee of oil producers recommended yesterday, however that didn’t stop oil prices continuing...
The FTSE 100 is underperforming its Continental counterparts as commodity stocks like Royal Dutch Shell and Rio Tinto are in the red.Another decline in copper has put pressure on the mining sector, and Royal Dutch Shell had a stellar session yesterday, and now we are seeing some profit taking.Cineworld shares sold-off severely...
US markets once again managed to set new record highs yesterday, before slipping back into the close, helped in part by retail stocks on reports that sales volumes over the holiday weekend had surged, though progress remained limited ahead of this week’s key US Senate vote on tax code...
US markets finished another strong week this time helped by retail stocks as US consumers hit the shops with vengeance, with Amazon posting new record highs while traditional retailers also posted good gains with Macy’s, Nordstrom and Kohl’s having a decent day.All three major US benchmarks posted new record...
US markets took a little bit of a pause yesterday ahead of today’s Thanksgiving holiday weekend with the Dow and S&P500 closing slightly lower, even if the Nasdaq did post a new record high, helped by  a similar record close for Amazon.There was nothing in last nights Fed minutes...
Normal service was resumed for US markets yesterday after the pause of recent days as we saw more record highs with the Dow, S&P500, Nasdaq and Russell 2000 all closing at record levels. With Black Friday and Cyber Monday approaching investors appear to be loading up on tech and...
European markets managed to shrug off yesterday’s poor start, as well as the prospect that barring a sudden change of mind, Germany could be heading towards new elections sometime next year, after the unexpected breakdown in coalition talks. It would appear that for now the buy dip mentality remains alive...
It’s been a widely accepted truth over the past few years that “buying the dip” has been the successful strategy of choice and even now having seen two successive weeks of declines for global stock markets there are those who firmly think that this successful strategy will once again...
European markets managed to snap their five day losing streak yesterday, as some cautious buyers returned to the fray after the worst run of daily losses so far this year. The big question remains as to whether this is merely a pause in the context of a wider correction...
Yesterday saw another disappointing session for markets in Europe, despite more evidence of improving economic conditions, particularly in Germany where Q3 GDP came in at 0.8%. This in turn helped push the euro back up to the 1.1800 level for the first time this month.US markets also struggled to...
Having seen sharp falls last week the softer tone in European markets continued yesterday as nervous investors continued to lock in profits as the EuroStoxx 50 dropped to levels last seen in late September, before rebounding.The reasons for the sell-off aren’t immediately obvious, with recent economic data looking fairly...
Last week equity markets sold-off after a sudden plunge in the Nikkei 225 on Thursday prompted traders around the world to take profits.The global political and economic outlook has been steady lately, so when traders witnessed the quick collapse of the Japanese market, they made rushed for the exit. Dealers enjoyed riding...
Global equities took a tumble yesterday, and it originated in Japan.The sell-off that started in Asia 24 hour hours ago sent shockwaves around the world. European equity markets endured a severe sell-off, while the US markets finished lower too – they didn’t lose of much ground. The major rally...
China posted its latest trade data over, and the imports increased by 17.2%, while the exports rose by 6.9% – the consensus was for 16% and 7.2%.In September, imports jumped by 18.6% and exports rose by 8.1%. China is making a concerted effort to move towards a more service...
European equity markets are marginally higher today are the bullish sentiment is still lingering.Mario Draghi, the President of the European Central Bank (ECB) gave a speech in Frankfurt about banking supervision, but the equity markets were unfazed by his comments.Imperial Brands posted an 8.2% rise in annual revenue and that...
US equity markets had a strong finish last week, as the Dow Jones, S&P 500 and NASDAQ closed at record highs.The non-farm payrolls report on Friday was very middle of the road. In October, the US added 261,000 jobs and the consensus was for 310,000. The September figure was revised from a...
The Caixin survey of Chinese services in October came in at 51.2, and that compared with 50.6 in September. The Beijing authorities are trying to shift the focus of the economy towards the services sector, and it is clearly working.The FTSE 100 hit a three week high yesterday on the back of the...
Last night’s Federal Reserve meeting passed uneventfully as the central bank left rates unchanged, while remaining on course to hike rates in December. The market was much more interested in who President Trump intended to appoint as the new Fed chair and it turns out, if reports are correct, that it...
The turnaround in BP’s fortunes since 2010 has been a very long road and CEO Bob Dudley has managed to navigate this tricky road with significant assuredness, so the news that the shares have hit three year highs this morning is good news with the Deepwater Horizon tragedy firmly in the...
Both US and European markets finished last week on the front foot after US Q3 GDP came in ahead of expectations, while a weaker euro helped underpin the continued resilience in European markets after last week’s ECB press monetary policy decision and press conference.US markets were boosted by a...
European equity markets are broadly higher this morning as the bullish sentiment still lingers after the European Central Bank’s (ECB) update yesterday.The central bank outlined plans to extend the time frame, and reduce the size of the bond buying scheme, but it also left the door open to additional...
European stock markets are broadly higher this morning as traders look ahead to the European Central Bank (ECB) meeting this afternoon.The ECB meeting will take place at 12:45pm (UK time), and the press conference will start at 1.30pm (UK time). Traders are not expecting any change to the monetary policy,...
Once again we’ve seen US markets make new record highs this time after positive results from global industrial bellwether Caterpillar as sales of industrial equipment in China and North America helped revenues rise 24% from a year ago, and well above expectations.European markets traded much more indifferently with the...
Equity markets in Europe are a mixed bag this morning, and the one common theme is low volatility.Even the IBEX 35 has hardly moved, which gives you an idea of how quiet thing are today. The FTSE 100has been drifting lower over the past few sessions, and we may see it retest...