by Julian Benson | Jun 28, 2023
The tech sector helped key US stocks the S&P 500 and the Nasdaq gain 0.3% and 0.5% respectively yesterday as Citigroup raised its price target on Meta to $360 per share – the highest on Wall Street. This resulted in Meta Platform shares gaining 1% and Tesla rising...
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by Julian Benson | Jun 28, 2023
UK chancellor Jeremy Hunt and Brussels’ financial services commissioner, Mairead McGuinness, signed a Memorandum of Understanding on financial services yesterday outlining plans for UK/EU cooperation. Hunt said it was “an important turning point” that would help...
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by Julian Benson | Jun 27, 2023
May figures for US-manufactured durable goods are due to be released later today and markets expect a decline to -0.9%. This comes after a rise of 1.1% rise in April and an upwardly revised growth of 3.3% in March. For more on currencies and currency risk management...
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by Julian Benson | Jun 27, 2023
Yesterday, European Central Bank president, Christine Lagarde and other policymakers came together in Sintra, Portugal for the bank’s annual forum to discuss a plan of action as interest rates have risen by 400 basis points since its last meeting in...
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by Julian Benson | Jun 27, 2023
The Confederation of British Industry’s (CBI’s) monthly distributive trades rose to -9 in June from -10 in May. Sadly, this still pointed to a decline in retail trade as inflation remains at a historical high. However, the CBI expect sales volumes to stabilize in July...
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