CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

FTSE looking for direction

Article By: ,  Senior Market Analyst
December 20, 2019 6:10 AM

The FTSE is seesawing with no clear direction at the end of a week that saw the index gain 6.8%, one of the largest weekly gains since mid 2017. The slightly stronger pound played a role, helping domestic facing firms, but the market’s pre-holiday wind down mode was reflected in index’s frequent changes of tack  Other European gauges are also higher boosted by a positive close on Wall Street.

NMC Health drops 11%

NMC Health is still being buffeted by a damning report from research firm and short seller Muddy Waters which questioned the financing of some of the company’s projects and reported profits and debt. Though the Abu Dhabi-based health care firm published a detailed rebuttal to the report it helped little and shares this morning dropped another 11.5% after the company had already lost almost £2bn of its value this week.

Last Brexit vote of 2020?

In what is likely to be the last Brexit vote of 2020 Parliament is due to vote on Boris Johnson's deal to leave the European Union on Friday, the deal which won preliminary approval from MPs even before the election. The pound is stronger against the dollar and the euro as for the first time since Theresa May came into power the PM’s proposal has an actual chance of being approved given that now Conservatives enjoy a large enough majority to vote it through. If there is a “yeay” later today the deal will be ratified after Christmas.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024