Latest Market News

Jan 29
Reminder of the product governance rules that apply when offering structured products in Belgium

Credit institutions and insurance distributors are required to act honestly, fairly and professionally in the best interests of their customers when offering structured products in Belgium. That applies in particular to the product governance requirements. The FSMA draws attention in its Communication FSMA_2020_14 (available in French or Dutch only) to this obligation. Source: FSMA

Jan 29
Press release on the reopening of trading in Viohalco

ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Viohalco, ISIN BE0974271034, on Euronext Brussels is reopened from 12/11/2020 at 15:45 CET following the publication of a press release.   Source: FSMA

Jan 29
Press release on the reopening of trading in Cenergy

ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Cenergy, ISIN BE0974303357 on Euronext Brussels is reopened from 12/11/2020 at 15:45 CET following the publication of a press release. Source: FSMA

Jan 29
Con Edison rate increase proposal could boost electric bills more than 11% in 2023

Consolidated Edison Inc. ED, +2.26% subsidiary Con Edison is proposing higher rates in 2023, that would boost overall customer electric bills by 11.2% and gas bills by 18.2%, as the New York-based utility looks to fund clean energy investments. Consolidated Edison’s stock rallied 1.5% in afternoon trading. Con ED’s proposal comes as it is seeking […]

Jan 29
QVC parent stock sinks after preliminary results show revenue decline

Shares of QVC parent Qurate Retail Inc. QRTEA, -14.55% sank 18.4% in Friday trading after the company gave a preliminary look at fourth-quarter revenue results that show an 8% to 9% decline, in constant currency. Revenue for QxH, which represent the QVC U.S. and HSN businesses, are expected to be down 6.5% to 7.5%, also […]

Jan 29
Market Spotlight: AUDJPY Ready To Break Lower

AUDJPY price action is catching my eye here. The rejection at the 83.94 level has seen the market reversing lower and breaking down out of the bull channel. Price has recently broken below the 82.02 level and, following a subsequent retest, is turning lower again. Risk currencies have come under heavy pressure this week amidst […]