Istithmar
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"ISTITHMAR" is a UK-based global multi-regulated financial service provider offering access to a wide range of trading products including: forex, commodities, stocks, indices, CFDs, and futures, for retail and institutional clients.
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Eurozone February flash manufacturing PMI 49.1 vs 47.4 expected
Services PMI 52.8 vs 52.3 expected
UK February flash services PMI 53.3 vs 53.4 expected
Manufacturing PMI 51.9 vs 49.7 expected
Eurozone January final core CPI +1.1% vs +1.1% y/y prelim
GBPUSD spikes to the 100-hour exponential moving average at $1.2942.
St Louis Fed president, James Bullard, speaks to CNBC
:
- Low probability that virus outbreak will get much worse
- Market expectations likely to return to "on hold" outlook
- Fed is in great shape, don't have to lower rates
- Have been concerned by yield curve issues
Canada retail sales for December 0.0% versus 0.1% estimate
Fed's Bostic: Has no impulses to do anything with our current policy statements
Larry Kudlow: China needs US consumer goods
US Markit Manufacturing PMI for February (P) 50.8 versus 51.5 estimate
Markit Services PMI for February (P) 49.4 versus 53.0 estimate
Existing home sales for the month of January 5.46M vs 5.44M estimate
US 30 year yield. The lowest level on record
EUR/USD recovers to a one-week high of $1.0860
Oil prices plunge 30% as OPEC deal failure triggers price war fears

Gold kicks off the week with a gap higher to fresh 7-year high amid growing market risks and uncertainties

US stock-index futures tank on coronavirus outbreak and oil-price war fears

IEA says that oil demand is to drop this year - the first time since 2009

Important Announcement: US Indices

U.S. stock futures plunged 5% to reach their daily down limit and halt trading as plummeting oil prices added to the backdrop of dread surrounding the corona virus. This points to rough US open. Currently, US stock futures are not pricing constantly from the exchange. Therefore, until the liquidity is back to normal we would be keeping all the US indices (both futures and spot symbols) trading status to "close only".

We will enable the "complete" trading activity once liquidity is back to normal.

France's Le Maire: Virus outbreak will have severe impact on the French economy
Kremlin: No Price War Between Russia And Saudi Arabia, Our Relations Are Good And We Don't Think Anyone Should Intervene
US Existing Home Sales (Feb) 5.77 vs 5.50 million expected
Baker Hughes Oil rig counts 664 versus 683 last week
US stock futures hit limit down
Bundesbank: Pronounced German recession is unavoidable
German government signs off on €750 billion economic package to combat virus fallout
Eurozone March consumer confidence -11.6 vs -14.0 expected