Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.61% of retail investor accounts lose money when spread betting or trading CFDs with this provider. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.
Compass on market data
CFDs trading
-
2
min

Daily Markets News - 29 September

The UK chief secretary to the Treasury today attempts to reframe recent moves by stating that one of the reasons for the planned tax cuts was to alleviate the burden placed on households, and that the Bank of England intervention has had the desired affect.

30-year gilt yields dropped 105 basis points yesterday, a record move in the history of data tracking back to 1992, after the BoE announced its two-week emergency bond purchase program.

Fed official Raphael Bostic states that he backs another 75bp hike in November as Fed officials waste no time reassuring the markets it remains fully committed to fighting inflation. This comes after concerns the Bank of England "blinking" had raised hopes the Fed could also slow its pace, with statements from other officials expected in coming days.

The EU has vowed to protect its energy network after the suspected Nord Stream sabotage.

Despite the market volatility Porsche is still due to start trading today at the top end of the indicative range, as investor appetite has proven strong.

France is looking at proposals for up to two-hour power cuts for parts of the country on a rotating basis as it plans for the winter ahead.

Please note that the presented content refers to the Oval group which contains two legal entities: Monecor (London) Limited authorised and regulated by the UK Financial Conduct Authority (FCA) with Financial Services register number 124721. Monecor (Europe) Limited authorised and licensed under the Cyprus Securities and Exchange Commission (‘CySEC’) with license number 096/08.