Trade Ideas

Traders Sentiment

Technical Summary



BNP Paribas expects 75 bps rate cut from ECB next year

BNP Paribas expects 75 bps rate cut from ECB next year Dec 7 (Reuters) - BNP Paribas expects the European Central Bank (ECB) to deliver its first interest rate cut in April 2024 and a "gradual pace of cuts" through the year, citing weak economic activity and easing inflation. BNP Chief Economist Luigi Speranza sees ECB's benchmark rate at 3.25% by 2024-end, from 4% currently, with the first cut expected to be by a quarter percentage point.

Top of the Street: Adyen, Worldline, Boliden, Vodafone, Telia

BUZZ-Top of the Street: Adyen, Worldline, Boliden, Vodafone, Telia A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** In a note on European payments & fintech, Jefferies prefers Adyen ADYEN.AS over Worldline WLN.PA amid difficult market dynamics in 2024 ** The broker upgrades Adyen to "buy" from "hold", saying the Dutch company is well placed to weather the tough macro backdrop in Europe thanks to its global diversification ** On the other hand, it cuts Wor

SocGen to sell two African businesses to Vista Group

UPDATE 2-SocGen to sell two African businesses to Vista Group Adds statement from Vista Group paragraphs 3-4 PARIS, Dec 7 (Reuters) - Societe Generale SOGN.PA , France's third-biggest listed bank, has agreed to sell two African subsidiaries in Burkina Faso and Mozambique to pan-African banking group Vista Group, the companies said on Thursday. Vista will acquire Societe Generale's 52.6% stake in Societe Generale Burkina Faso and its 65% stake in Banco Societe Generale Mocambique.

Robust Nov foreign inflows in Asian equities signal positive outlook for 2024

GRAPHIC-Robust Nov foreign inflows in Asian equities signal positive outlook for 2024 By Gaurav Dogra and Patturaja Murugaboopathy Dec 7 (Reuters) - Asian equities attracted substantial foreign investment in November, signalling the prospects of continued inflows next year, bolstered by a decrease in U.S. Treasury yields and rising optimism for potential Federal Reserve rate cuts.

African Markets - Factors to watch on Dec 7

African Markets - Factors to watch on Dec 7 NAIROBI, Dec 7 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - EVENTS: A Kenyan court will rule on a petition to find Meta in contempt of court for allegedly ignoring an order to pay the salaries of 260 Facebook content moderators who were laid off by a sub-contractor.


Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.