Singapore Stock Exchange Introduces Crypto-Indices

Singapore’s Monetary Authority has announced a catalogue of new laws that could have a significant impact on the crypto trade in the island and city-state. Nevertheless, the Singapore Stock Exchange (SGX) has now included two crypto-indices in its offering to prepare itself for the continuous digitalization. In Singapore, crypto exchanges and trading in digital assets are generally permitted, but these …

Markets Update Friday 18/09/2020 – Witches and corona demons

Frankfurt – 18/09/2020 Witches and corona demons Gradually, autumn comes to the stock markets, because not only the leaves on the trees in the northern hemisphere but also the prices are falling. It is getting more uncomfortable.  Today, on one of these “Triple Witches’ Sabbaths” the professional investors tried to bring the courses in their desired direction. In the end, …

Markets Update Thursday 17/09/2020 – The day after the Fed

Frankfurt – 17/09/20 The day after the Fed Without the hoped-for further impulses from the US Federal Reserve, most global markets trended in negative territory on Thursday. Although the Fed had confirmed longer-term zero interest rates the previous evening, it had not taken any further decisions to relax monetary policy.  Like the US Federal Reserve, the Bank of Japan intends …

Markets Update Wednesday 16/09/2020 – Fed Blow

Frankfurt – 16/09/20 Fed Blow As expected, the US Federal Reserve left its key interest rate for supplying the banks with money in a range between zero and 0.25 per cent. The market was also eagerly awaiting further statements and signals from Chairman Jerome Powell.  However, Powell disappointed the market across the board and, following two days of deliberations, also …

Markets Update Tuesday 15/09/2020 – Anticipating the Fed

Frankfurt – 15/09/20 Anticipating the Fed The economy is apparently on the verge of a strong recovery in the current third quarter. However, this did not inspire investors much today. Instead, they continue to look at the US Federal Reserve and its interest rate meeting. How things will continue on the stock markets, therefore, depends crucially on the Fed’s interest …

Markets Update Monday 14/09/2020 – Oh Britain…

Frankfurt – 14/09/20 Oh Britain… Not only the again increasing corona case numbers, but also the unspeakable Brexit discussion weighed on the stock markets, especially the European ones, today. British parliamentarians are currently debating the Internal Market Act, which is controversial even within the governing party and with which Prime Minister Boris Johnson wants to undermine parts of the divorce …

Markets Update Friday 11/09/2020 – Hard Brexit Looming

Frankfurt – 11/09/2020 Hard Brexit Looming It was a reasonably quiet last trading day of the week, and there was little momentum or trading signals to influence the markets and various asset classes.  However, investors are increasingly nervous about the tough stance taken by the British government, which wants to cancel out the Brexit contract partially. The stalled situation makes …

Markets Update Thursday 10/09/2020 – ECB remains calm

Frankfurt – 10/09/2020 ECB remains calm After yesterday’s strong rally, the stock markets took a breather today. The ECB meeting was eagerly awaited but came without major surprises or further positive signals.  Given the economic recovery now underway in the eurozone, central bank president Christine Lagarde will wait and see. The corona-induced recession in the euro \zone will be somewhat …

Markets Update Wednesday 09/09/2020 – More optimism, please!

Frankfurt – 09/09/20 More optimism, please! Good sentiment on the stock markets today was caused, among other things, by a report from the Bloomberg agency according to which the economists of the European Central Bank (ECB) are more optimistic about the further economic development of the eurozone than before. However, the central bank is likely to raise its forecasts for …

Markets Update Tuesday 08/09/2020

US Markets at a glance After the long weekend, investors in the USA once again took flight. The Dow Jones lost 2.25 per cent to 27,501.42 points in the course of trading. Tech stocks suffered a massive downturn: the NASDAQ Composite index fell massively and closed at 10,847.69 points, down 4.11 per cent. After the US trade was suspended on …