Call Me
Back

[bwp-recaptcha bwp-recaptcha-93]

United Kingdom: +44 20 3773 8602
Sweden: +46812410070
Norway: +4721930512
New Zealand: +6448302404
Israel: +97223740103
Austria: +43720775041
Australia: +61280730589
Spain: +34933938161
South Africa: +27115682351
Canada: +14382289855
USD/CAD 1.24275 21:00 17.01 GBP/CHF 1.33424 20:30 17.01 CHF/JPY 115.402 19:30 17.01 OIL-MAR18 (BRENT) 69.450 19:00 17.01 GOLD 1339.425 19:00 17.01 COCA COLA 46.695 15:30 17.01 GAZPROM 148.825 14:30 17.01 MICEX 2271.540 14:30 17.01 EUR/USD 1.22226 14:15 17.01 USD/RUB 56.868 14:00 17.01 AUD/CHF 0.76725 14:00 17.01 AUD/USD 0.79691 13:00 17.01 GBP/USD 1.37789 13:00 17.01 EUR/RUB 69.412 13:00 17.01 USD/ZAR 12.32927 13:00 17.01 EUR/JPY 135.230 12:45 17.01 GBP/JPY 152.802 12:30 17.01 EUR/USD 1.22120 12:30 17.01 EUR/CAD 1.51884 12:30 17.01 GBP/RUB 78.2879 12:30 17.01 USD/ZAR 12.33100 12:30 17.01 BITCOIN 9937.850 12:00 17.01 GBP/USD 1.37858 12:00 17.01 BANCO SANTANDER 5.891 12:00 17.01 GBP/USD 1.37962 11:45 17.01 GBP/USD 1.37984 11:30 17.01 LITECOIN 159.085 11:00 17.01 BITCOIN 9767.900 11:00 17.01 USD/CHF 0.96352 10:00 17.01 GOLD/EUR 1091.395 09:45 17.01

Market Review

DAILY MARKET OVERVIEW
Today's Top Market Headlines – Jan 10, 2017
Trump meets with Alibaba’s Ma and promises 1M new jobs…

President-elect Donald Trump has had a successful meeting with Alibaba’s Jack Ma on Monday. The new president and the entrepreneur discussed creating 1M new American jobs in the next five years. Some analysts have called the assertion rather exaggerated but the company’s goal is not to directly employee a million of new employees but to rather create new market opportunities and collaborators who will in turn employee a new work force. Alibaba will essentially create new U.S. jobs by enabling over a million of American small businesses and farmers to sell American goods to China and Asian consumers using the Alibaba platform.

Mayer to step down from Yahoo board following sale to Verizon

Yahoo Chief Executive Officer Marissa Mayer has announced that she was among six directors who plan to leave the board of the company after closing of the proposed sale of Yahoo’s main internet properties to Verizon Communications Inc. Verizon plans to change the company’s name to Altaba Inc. and reduce its board to five members, according to a reports on Monday. Yahoo has agreed to sell its web properties to Verizon for about $4.8 billion. Yahoo has been struggling to overcome the financial difficulties after consecutive hacks and data breaches were reported.

Chinese Inflation data indicate increased demand

Inflation data from China has been released in early morning hours on Tuesday, at 1:30 GMT and investors are looking closely for signs of improved demand in the world’s second-largest economy. Indicatively, the consumer price index for December climbed about 2.1%, down from 2.3% in the previous month, on higher pork and fuel prices. China’s producer price index however, has noted a significant increase, jumping to 5.5%, up from November’s 3.3%, which marks the fastest pace since September 2011.

European Markets trade flat to lower as plunging pound sends FTSE 100 to new highs

European markets headed lower after fresh concerns over Italian banks. Banking stocks also moved south in early trading as new concerns emerged in the Italian banking system. Popolare di Vicenza and Veneto Banca, which were rescued last year, are to propose a deal with disgruntled shareholders that could cost the banks more than 600 million euros. In today’s European markets, most indices were last seen trading flat to lower, with Germany’s DAX trading flat at 11565.55, France’s CAC 40 dipping 0.1 percent at 4885.30 and the Euro Stoxx retreating 0.1 percent to last trade at 3306.00 as of 9:25 GMT. It should be noted that spreading Brexit fears over the British government’s inability to come up with a sustainable exit plan have sent the British pound tumbling to new lows and the FTSE to new highs, as British stocks are now cheaper. The pound was last seen trading at 1.14 EUR while the FTSE added 0.2 percent for the day to last trade at 7253.75 as of 9:30 GMT.

L'Oreal to purchase new skincare brands from Valeant for $1.3 billion

After successfully closing on a deal to sell its Dendreon cancer business for $820M, Valeant continues to shed non-core assets and crucial patents in an effort to repay rising debts. The drug maker has just sold an additional three skincare brands, specifically, CeraVe, AcneFree and Ambi to cosmetics conglomerate L’Oreal for no less than $1.3B. According to the French cosmetics maker, these new acquisitions will nearly double the company’s revenue for the Active Cosmetics Division in the U.S.