Monthly Archives: March 2023
Upcoming Weekly Adjustment on Index Dividend Notice
Written on March 30, 2023 at 7:01 am, by puprimedev
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. Please refer toContinue Reading
Fed is not Pausing Rate Hike
Written on March 30, 2023 at 5:28 am, by puprimedev
Jerome Powell delivered a smaller size of rate hike of 25 bps which is in line with the market consensus; however, the market was hit by double assail with U.S. major indexes dropping by more than 1% and the dollar traded below $103. Firstly, Powell revealed that the Fed considered pausing the rate hike butContinue Reading
Markets Put Less Weight On Banking Crisis
Written on March 30, 2023 at 5:28 am, by puprimedev
Focus has shifted back to inflation and interest rates as the banking crisis shows signs of easing Equity markets advanced and major currencies fluctuated in narrow ranges in the last session. Easing in the banking crisis and perceived lower risk of recession spurred the equity market to trade higher while modest rate hikes from majorContinue Reading
