As we move through the second half of 2023, the global stock markets seem to be caught in a difficult situation. With the U.S. Federal Reserve’s unwavering stance on high interest rates and China’s faltering economic indicators, investors are sailing through choppy waters.
In recent developments, the robustness of China’s shadow banking industry has come under scrutiny as one of its largest private wealth managers and real estate developers, Zhongzhi Enterprise Group Co., has defaulted on payments for several high-yield products. With assets totaling 1 trillion yuan ($138 billion), the impact of this misstep is sending ripples throughout the financial sector.
We would like to inform you that on the occasion of the U.S. Independence Day, on July 3 and 4, 2023, there will be changes to the trading hours of some CFD markets:
We would like to inform you that on June 19, 2023, on the occasion of Juneteenth Day in the USA, the trading hours of some markets will be changed, while other markets will be closed:
This week, investors’ attention is fixated on the actions of central banks, particularly the Federal Reserve and the European Central Bank (ECB). The backdrop to this anticipation has been set by the unexpected rate hikes from the Reserve Bank of Australia and the Bank of Canada, which occurred last week. These moves, contrary to the prevailing consensus, have not only sent ripples through the financial markets, but also reshaped the discourse around the durability of current interest rates. The financial community is now confronting the stark realisation that the much-anticipated rate cuts may not materialise this year, and possibly might not surface until well into the next year.
In connection with the upcoming public holidays in the USA (Memorial Day), UK (Bank Holiday) and Norway (Pentecost), on May 29 and 30 (Monday and Tuesday), there will be changes to the trading hours of some markets, as follows: