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 February 2020
World markets slumped after a contagious and deadly viral strain known as the Wuhan Coronavirus caused the shutdown of Wuhan and the cancellation of flights by major international carriers into China.
Apple jumped to record highs after reporting Q1 net income of $22.2bn on revenues of $91.8bn up 9%. The board, led by Tim Cook reported strong growth in wearables helping EPS rise 19% to $4.99.
Monetary Policy Committee left Base rates at 0.75% citing an improving UK economy, decline in Brexit uncertainties and the governments’ plan to boost spending.
Oil majors reported a tough Q4 due to weaker refining, chemicals and LNG prices. Shell net income fell to $965m whilst Chevron reported a loss of $6.6bn.
Fevertree reported a 1% decline in UK revenues and flagged an expected 5% drop in 2019 earnings due to lower margins.
IAG removed a limit on non-EU shareholders ownership, potentially opening the door to further stakebuilding by Qatar Airways.
Aston Martin is to raise £500m via a rights issue for £318m and a £182m strategic investor consortium led by Lawrence Stroll.
Black Rock Chairman Larry Fink, the world’s largest asset manager has said climate change will cause a significant reallocation of capital and will reshape the world’s financial system.