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Market News

BoE Governor Bailey, "Interest Rate Turning Negative In The Future", Pound Fell In Early European Trading

30 Sep 2020 15:28:52

The British Pound reacted to comments by Bank of England Governor Andrew Bailey on the prospect of UK interest rates turning negative in the future.Bailey said at a virtual event hosted by Queens University in Belfast that the MPC has...

"Very Good Hedge" Ahead Of US Election" UBS Global Wealth Management Told CNBC

30 Sep 2020 13:28:45

SINGAPORE Investors should be putting their money in gold now as it represents a very good hedge ahead of risk events such as the U.S. election UBS Global Wealth Management told CNBC.We like gold because we think that gold...

"US Equities 10% Up Side Over Next 12 Months" JP Morgan Equities Strategy Say.

30 Sep 2020 12:56:22

Industrial and construction material stocks will be among the sectors that will benefit as U.S. markets hit fresh highs over the next year JPMorgan Private Bank head of equities strategy at the wealth management arm Grace Peters told CNBC on Tuesday to benefit...

Oil Slumps on COVID Fears, Oversupply, U.S. Elections

30 Sep 2020 12:22:34

Oil was down on Wednesday morning in Asia continuing major overnight losses. Oversupply fears were the main driver of the fall with U.S. refineries beginning to shed labor.Brent oil futures slid 1.13% to $41.09 by 1129 AM ET (329 AM...

Alibaba's CFO Say It Cloud Services To Profits In 2021

30 Sep 2020 12:10:55

Alibabas cloud unit expects to be profitable within 2021 a senior executive said on Wednesday.Maggie Wu chief financial officer of Alibaba made the remarks at an livestreamed investor day event.The company a dominant player in Chinas cloud market is fending...