The S&P 500 as the world’s most important index is just below its all-time high after yesterday’s rise. But liquidity in trading is collapsing more and more. Yesterday was one of the weakest trading days in years. Since 2015, the trading volume has been collapsing continuously (which is why spreads in US equity trading continue to rise) – if bad news hits the markets, the lack of liquidity is likely to have similarly severe consequences as it did in December 2018 with the sell-off. After yesterday’s “dance of death” in terms of volume, there will probably be more liquidity today because today alone four of the 30 companies in the Dow Jones are presenting their figures. The Brexit vote will now take place on Thursday.
The Bank of England has just announced its interest rate decision. It was decided to leave the key interest rate at 0.75%. The central bank council made this decision unanimously. This was also the general […]
The Brexit drama is entering a new round. It has just been announced that Jeremy Corbyn, head of Labour, has given approval for new elections by his party. According to Corbyn, the condition that a […]
In the last few days it was “only” a question of whether the British government was prepared to give British Steel an emergency loan of allegedly 30 million pounds. What a tiny sum of money. […]