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Valbury Capital Limited, one of the leading London-based brokerage firms, has selected SunGard’s IntelliMatch Operational Control to help automate its reconciliations, provide seamless back-office support for its clients and help ensure compliance with regulatory and audit requirements.

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The euro continues its aggressive sell off now trading at 1.207, risk assets selling off hard with it, with European bourses trading over 3% lower, Italy being hardest hit. Both Italy and Spain have introduced new short selling bans on stocks in a bid to alleviate fears.

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US futures are looking around 50bps easier, relatively quiet for economic data today, but watch out for earnings from McDonalds (EPS estimate $1.37) and Texas Instruments (34 cents).

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The Euro is again sharply lower this morning, breaching the 1.21 level, with the EURJPY cross at 11 year lows, whilst the Spanish 10 year yield has reached Euro era records of 7.368%. Equity futures for Europe are looking at falls of between 1 and 1.5%.

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Asian stocks are sharply lower this morning as a Chinese central bank board member warned of slowing growth and renewed concern that Greece may leave the Euro. The latter highlighted by reports suggesting that the IMF is considering ending its support for Greece, with the Troika (IMF, ECB and EU) due to visit on Tuesday.

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Talk earlier in the day that Spain’s Valencia region would seek Government help to repay debt, put pressure on the Euro and brought on heavy selling for risk assets. Italian and Spanish bourses have been particularly hard hit trading well over 4% lower on the session. The Euro has made fresh 2 year lows and looks vulnerable in the sessions ahead. There is talk in the market of a note calling for negative deposit rates from the ECB by the fall.

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Asian markets are trading lower, with Japan’s Nikkei hardest hit down 1.4%, no significant news out on light volume.

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US markets closed at session highs last night following better than expected housing data, look out for earnings from Morgan Stanley(estimate 29 cents), Philip Morris ($1.35), Freeport Mcmoran (75 cents) and Verizon (64 cents).

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In Europe, German lawmakers are due to vote today after the Finance Ministry asked parliament to support the 100bn Euro aid package for Spanish banks. On the corporate front, blue chip names Novartis and Akzo Nobel have both released better than expected earnings.

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Asian markets are sharply higher this morning, there were rumours overnight of China cutting the RRR, Australia was the standout mover up around 2% amid unconfirmed reports that the Bundesbank are to add AUD to FX reserves before the end of September.

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The Euro has sold off in the last hour, with vague market talk of an Austrian sovereign debt downgrade, the pair traded a shade above 1.23 early this morning but is now at session lows just above 1.223. With it we have seen a sell off in risk assets, with equities pretty much unchanged on the session having been around 0.5% better.

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Out of Europe, according to a draft document the Spanish bank rescue plan between Spain and the EFSF contains a 10bn Euro cushion. ECB’s Asmussen has said it is too early to say if any Spanish Banks would need to be wound down. European Equities are looking around 30bps better.

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In the US, Ben Bernanke failed to give any firm commitment to fresh easing but did state the Fed remains prepared to act if required, the dollar rose and risk assets sold off initially but subsequently reverted to levels prior to the announcement.

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Asian stocks are lower this morning after Chinese Premier Jiabao warned of a “severe” jobs outlook and on concerns of falling profits.

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Asian markets this morning higher across the board, the Hang Seng the stand out performer up 1.5%, mainly on bets that the US Fed will introduce further stimulus following disappointing retail sales data today.

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