Skip to content Skip to footer
U.S Manufacturing is on the rise for May's numbers

Strong manufacturing helps stocks rally – 5th January

U.S. stocks rallied on Tuesday, as data released showed that manufacturing activity in America rose to new highs.

Figures released by the Institute for Supply Management showed that its index for national manufacturing activity increased to 60.7 in December. This level was the highest reading since August 2018.

The data helped the likes of the S&P 500 shake off yesterday’s sluggish start to the year. The benchmark index was up 0.85% as of writing.

Other gainers include the NASDAQ and Dow Jones which were up 0.90% and 0.81% respectively.

UK lockdowns help grocery sales record new highs

It was announced yesterday that the UK will be entering national lockdowns as the country continues to battle the new strain of the COVID-19 virus.

Data released today showed that whilst the country was in regional lockdowns, grocery sales rose to their highest level on record.

The figures which were released by market researcher Kantar, showed that grocery sales rose 11.4% year-on-year, leading to sales reaching £11.7 billion.

As of writing the FTSE 100 was up 0.61%, as the new restrictions begin.

Oil crosses $50 as Saudi Arabia cuts production

The surge in Oil prices continued today as WTI rose past $50 for the first time in close to a year.

Energy prices rose as it was stated that Saudi Arabia would make voluntary cuts to its output in February and March in order to help persuade other OPEC producers to hold production steady.

News of this came as Saudi Arabia and Qatar reconciled past issues and mended a rift which has lasted since 2017.

Prices of WTI reached an intraday high of $50.10.

Source: Bloomberg Markets and Finance

Quote of the day – “It’s not what we do once in a while that shapes our lives. It’s what we do consistently.”

Tony Robbins

To stay up to date with the markets we encourage traders to view our Trade Gate Hub for more real time insights into Crude, Gold and many other markets.

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.