Market News & Analysis

Top Story

FTSE nudges higher

A slight decline in the pound is working in favour of UK exporters this morning but concerns over Brexit are capping a FTSE rally. Among the risers, Pearson’s shares spiked after the company said it would sell its remaining stake in Penguin Random House for £530m while also announcing that the company’s CEO will step down.

Lingering concerns over the gradual weakening of the UK economy – visible in the latest consumer price data out Wednesday – and concerns over Britain’s trade deals after Brexit are holding back house builders and travel and fashion firms.

In Europe, the final decision on the massive Ford-Peugeot tie-up, estimated at $50 billion, is lifting the shares in the two car makers. The merger still has to receive regulatory approval and could run into resistance from Italian and French labour unions over potential job losses.

BoE: Inflation and the next governor

The pound has cooled slightly ahead of the Bank of England’s next rate meeting Thursday but the number of governors calling for a small cut to boost the country’s economy could become louder given that the labour market is cooling and as the country’s inflation rate remains below the Bank’s target of 2%. A decision on who will succeed Mark Carney is also expected shortly with the three front runners including Minouche Shafik, director of the London School of Economics; Andrew Bailey, Financial Conduct Authority chief executive; and Kevin Warsh, a former top official at the US Federal Reserve.


This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.

GAIN Capital Singapore Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the GAIN Capital group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), GAIN Capital Singapore Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact GAIN Capital Singapore Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.

In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither GAIN Capital Singapore Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.

GAIN Capital Singapore Pte. Ltd. is not under any obligation to update this report.

Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit for the complete Risk Disclosure Statement.

Important Notice:

Cryptocurrencies are not legal tender currency and trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore. Consequently, investors should be aware they do not have protection under the Securities and Futures Act (Cap. 289). Please ensure that you are fully aware of the risks.