For several years now, it has only taken the most cursory of looks at any broking or trading firm’s results to understand which way the market is going. The release of Icap’s full year results to the end of March 2016 has reiterated the point further. The markets are going electronic.
The pound rallied the most in two weeks after a poll of UK voters released Monday showed people who support a campaign to remain in the European Union exceeded those saying they will vote to leave by a wider margin than last month.
The pound has dropped 0.2 per cent intraday against the dollar, and is now up just 0.5 per cent against the greenback on the day at $1.4475.
The dollar edged down slightly in Asian trading on Tuesday, while the Australian dollar soared after central bank minutes reduced expectations of an interest rate cut.
Oil traded at around $49 a barrel on Tuesday within sight of a six-month high, supported by supply outages in Nigeria, Canada and other producers that are eroding a persistent glut.
Shanghai and Shenzhen stock exchanges will publish new rules on trading halts as early as next week, the China Securities Journal reported, a move that would raise the odds of the country’s stocks being included in MSCI Indexes.
A weekend gathering of G7 finance leaders may expose a rift on issues ranging from currency and fiscal policies within the close-knit group of advanced economies, dashing Japan’s hopes of mustering a coordinated policy response to spur global growth.
The International Monetary Fund is pressing the eurozone to let Greece skip paying interest or principal on bailout loans until 2040, say officials familiar with the talks.
Warren Buffett’s Berkshire Hathaway Inc revealed a more than $1 billion stake in Apple Inc in a rare foray into the technology sector, which Buffett has largely shunned apart from a poorly performing investment in IBM.
Elysium Technology and TradAir have formed an alliance to offer what the companies say is a fully integrated, next generation front to back solution for the FX industry.
Citadel Securities, one of the largest market makers in US stocks and options, has bought assets of Automated Trading Desk, an automated market making pioneer owned by Citigroup, as it continues to expand its trading business.
Wireless carrier Vodafone Group Plc reported quarterly sales growth on its network that beat estimates, helped by improved results in several key European markets.
The Bank of England is having “daily conversations” with banks to ensure they could cope with any market turmoil in the event of a vote in favour of Britain leaving the European Union.
The Monetary Policy Committee’s May monthly meeting last week was the 86th since interest rates were cut to 0.5pc in March 2009. For once in a long time, I agree with the committee’s decision to hold.
The US government paid off more debt than it issued last month in a stunning turn-around for America’s public finances, causing an acute shortage of bonds and a further downward slide in borrowing costs.
The European Central Bank’s extraordinary stimulus measures have drawn criticism because they risk overstepping the realm of monetary policy, Bundesbank chief Jens Weidmann has said.
CME Group has delisted three FX futures contracts and the previously listed contract months of two other FX futures contracts.