Tradeo ceased offering trading services last year in May. Trading and ancillary will not recommence, and the brand/platform will be permanently discontinued.
For the clients with remaining balances, kindly send a withdrawal request through your login or via chat or email. If there are any queries or concerns relating to your account or any other matter, please email us at [email protected]
European stock markets are expected to open higher Thursday, continuing to stabilize after the sharp losses earlier this week, but doubts about China’s economic expansion remain.
At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.7% higher, CAC 40 futures in France climbed 0.7% and the FTSE 100 futures contract in the U.K. rose 0.5%.
European investors are set to trade with a positive tone Thursday, still recovering from Tuesday’s rout, prompted by higher U.S. bond yields, which saw the DAX and CAC 40 drop over 2% in Europe and the Nasdaq Composite slump 2.8%, its largest selloff since March, on Wall Street.
Companies are beginning to position for a post-Covid future with global mergers and acquisitions hitting new record highs in the third quarter. Refinitiv data showed M&A deals totalled $1.52 trillion in the three months to Sept. 27, up 38% from the same quarter last year and more than any other quarter on record.
China’s electric carmakers are darting into Europe, hoping to catch traditional auto giants cold and seize a slice of a market supercharged by the continent’s drive towards zero emissions.
Nio (NYSE:NIO) Inc, among a small group of challengers, launches its ES8 electric SUV in Oslo on Thursday – the first foray outside China for a company that is virtually unheard of in Europe even though it’s valued at about $57 billion.
Other brands unfamiliar to many Europeans that have started selling or plan to sell cars on the continent include Aiways, BYD’s Tang, SAIC’s MG, Dongfeng’s VOYAH, and Great Wall’s ORA.
Yet Europe, a crowded, competitive car market dominated by famous brands, has proved elusive for Chinese carmakers in the past. They made strategic slips and also contended with a perception that China, long associated with cheap mass-production, could not compete on quality.
Indeed, Nio Chief Executive William Li told Reuters he foresees a long road to success in a mature market where it is “very difficult to be successful”.
Oil prices fell on Thursday, extending losses after official figures showed an unexpected rise in inventories in the United States although prices seem to have stabilised following a recent run of gains.
Brent crude was down 11 cents at $78.53 a barrel by 0137 GMT, after falling 0.6% on Wednesday. U.S. oil fell 5 cents to $74.78 a barrel, having also declined by 0.6% in the previous session.
U.S. oil and fuel stockpiles increased last week, the U.S. Energy Department’s Energy Information Administration (EIA) said on Wednesday.
Crude inventories were up by 4.6 million barrels in the week to Sept. 24 to 418.5 million, EIA data showed, compared with analysts’ expectations in a Reuters poll for a 1.7 million-barrel drop. [EIA/S]
But both contracts tilted into higher territory earlier in the session. After two days of price losses, oil bulls may also be looking for the next barrier to breach after Brent rose above $80 for the first time in around three years on Tuesday.
“$80 oil is not over-the-top high,” said Joseph Perry, an analyst at StoneX, said.
Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. UR Trade Fix Ltd accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Past performance does not constitute a reliable indicator of future results and future forecasts do not constitute a reliable indicator of future performance.
It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organizational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests when providing our services