Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
FTSE 100 +2.38% 5,936
DAX +2.01% 13,100
STOXX 50 +1.65% 3,314
Strong day for European equities. With the US off for Labor Day, that’s all from me. Have a good evening people!
Shares of Biffa PLC are up 1.66% at 208p per share after it was reported that the company is to be awarded a contract extension by Portsmouth city council.
Italy has opened a competition probe into Apple, ogle, and Dropbox’s cloud storage services: Via CNBC
Little news so far today, hence the lack of updates so far today.
However, we have had some comments from UK Prime Minister Boris Johnson who has said that they have been having good discussions with the EU on implementing protocols.
More importantly, he has said that the government is fully committed to implementing the Withdrawal Agreement. Part of the reason we have seen a slight pullback in the GBPUSD in the last hour or so.
Garrett Motion DL (G02) +28%
Phoenix Global Resources (PGR) +26%
Bowleven (BLVN) +19%
Caffyns (CFYN) +18%
Total Gabon (EC) +13%
Commerzbank (CBK) +9%
FTSE 100 +1.21% 5,869
DAX +1.11% 12,985
STOXX 50 +0.85% 3,288
Strong morning so far.
Good morning all…
-Asian markets are mostly down. The Nikkei closed 0.50% lower while the Hang Seng is down 0.85%.
-China’s balance of trade and exports came in above expectations while its imports fell below the forecasted amount.
-Brexit negotiations are set to begin again this week and the UK have reiterated they are not scared to walk away without a deal. There are also reports that the UK plans to override part of the withdrawal agreement.
-On Friday it was revealed that Tesla wasn’t one of the companies added to the S&P 500 causing its stock to fall after hours.
-In FX markets the USD is continuing to strengthen this morning.
-On the data calendar today we have very little due to US markets being closed for Labor day. German industrial production for July has already come in lower than expected while we also have Chinese and Swiss foreign exchange reserve data shortly.
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