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.

Themes from September

Global interest rates headed down in September. The US Fed cut federal funds by 0.25% to a range of 1.75%-2% whilst the ECB cut deposit rates by 0.1% to -0.5% and will restart a €20bn monthly bond buyback.

Thomas Cook declared insolvency after a rescue effort over 28th-29th September failed to find the requisite £200m in extra funding requested by RBS. The package holiday group sold 22m holidays in 2018.

President Trump is facing a Congressional Impeachment inquiry after a whistleblower reported to Congress having witnessed Trump abusing his powers by seeking to pressure a foreign leader to open an inquiry into former US Vice President Joe Biden.

Hong Kong Exchange made a takeover approach to the LSE, which was promptly rejected. The board of HKEX has since said it will woo LSE holders with an improved offer.

The Financial Reporting Council (FRC) has issued a revised going concern standard following a spate of corporate failures in which auditors had failed to flag up concerns about the company’s viability.

IAG updated investors to expect 2019 operating profits of €3.27bn saying recent strikes cost €170m.

UK government declined to provide financial assistance to Sirius Minerals during its talks to secure US$500m of extra bond financing from investors.

Prudential expects to divest its M&G fund management business no later than the 21st October.

Read our Newsletter

Post a comment

Your email address will not be published. Required fields are marked *

Get Started with CSS

Open an Account

Subscribe to our award winning daily newsletter

Voted "Best Market Newsletter" in 2012, 2014, 2015 and 2017 by the City of London Wealth Management Awards

Subscribe to our newsletter (Popup)

By signing up to our free email, you are consenting to receive these promotions. The newsletter is sent up to three time per day during the week and up to once per day over the weekend. The newsletter contains company news, market movements, CSS research and promotions and breaking economic news. Occasionally our newsletter will contain advertisements from trusted partners. However, we will never give, sell or rent your email address to any other companies. If you want to stop receiving our free emails you can unsubscribe at any time by clicking on the link at the bottom of each email. You can read our privacy policy here.

Sending
No, thank you