CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
1 November 2018
Ravi Lockyer
Global equities endured a torrid October with the MSCI World Index down by 9.6%
Italy and EU remained deadlocked after the EU rejected the Italian budget as breaching conditions.
UK Budget brought forward a rise in the personal tax allowance in the higher rate threshold to April 2019 as well as injecting £1bn into the MoD to fight cyber threats.
GE reported a $22.8bn Q3 loss and plans to split its power division. The dividend was cut to 1 cent per quarter.
UK defence companies fell sharply on concerns over possible embargoes / sanctions on Saudi Arabia as a result of Mr Khashoggi’s murder.
HSBC reported Q3 profits of $5.9bn up 28% whilst loans and advances grew $14bn from Q2.
Amazon lost $250bn in market capitalization in the last 2 months – it took Amazon 18 years to reach a $250bn market cap. The CEO Jeff Bezos was criticized for remaining silent on Jamal Khashoggi who was a columnist at the Washington Post, owned by Bezos.
Restaurant Group is buying Wagamama for £559m with £315m worth of funding secured via a rights issue.
Intu Properties received a takeover proposal from John Whittaker for 210.4p per share. The consortium has until 15th November to make a firm offer.