CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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 2019
US Federal Reserve hiked the Federal Funds rate to 2.25% to 2.50% as expected, but in the press conference afterwards, chairman Jerome Powell suggested further hikes were likely in 2019.
PM Theresa May delayed a House of Commons vote on the EU Withdrawal Bill when it became apparent the vote would fail – the key terms will be debated during January 2019.
Global equities ended a torrid 2018, with indices off sharply, UK blue chips fell 12%, Tokyo dropped 14.9%, the Dow was off 6% whilst the Shanghai Composite endured a 21.6% drop. For many indices, the declines were the sharpest since 2008.
Apple Inc ended 2018 at $157.85 per share a drop of 32.4% from highs of $233.47 per share in August, bogged down by iPhone growth concerns.
President Trump said the US government will remain shutdown until the US Congress agrees to fund the controversial US-Mexico border wall.
ASOS lowered its 2019 guidance it now expects EBIT of 2%, half its previous operating margin. The board cited very tough trading conditions.
US crude oil ended near 2018 lows reached on Christmas Eve of $42.53/ barrel having declined 44% from highs of US$75.96/ barrel on 3rd October.
HMV entered administration for the second time on 28th December 2018 after poor trading in the pre-Xmas period.