CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider (Saxo Bank). You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
3 January 2020
*Conservative party won an 80 seat majority at the December 2019 General Election under the slogan of “Get Brexit Done”. PM Boris Johnson called for unity and in a New Year’s message to Remain voters said “Let’s Be Friends”.
*MSCI World Index jumped 24% during 2019 he strongest performance since 2009 with the US Standard & Poor 500 gaining 29%. The Nikkei rose 18% and China’s composite index rose 36%. Global equities were encouraged by three rate cuts from the US Federal Reserve.
*Carnival Corp reported positive 2019 net income of $3.06bn with record bookings for 2020. The board expects to return to double digit earnings growth.
*Andrew Bailey FCA boss was appointed to head the Bank of England when Mark Carney’s term expires on 16th March 2020.
*Denise Coats received a UK record £323m payday in 2019 from her firm Bet365 up from £220m in 2018.
*Hong Kong demonstrations continued over the Christmas and New Year celebrations resulting in the cancellation of New Year’s Eve festivities.
*Muddy Waters caused a collapse in the NMC Healthcare share price after reporting that NMC had engaged in various manipulations of its balance sheet and cashflows.
*House of Representatives voted 230 to 197 to impeach US President Donald Trump on the grounds of abuse of power and obstruction of justice.