Barclays Booms Following Jobs Cut Announcement
May 8, 2014 11:50 amVideo
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May 8, 2014 – Stock Market News
Today’s Hot Asset – Barclays
Stocks in Europe are currently trading higher today. Investors within the region are keenly awaiting the upcoming policy statements due to be released later in the session by the Bank of England and the European Central Bank. Suggestions that tensions between Russia and the Ukraine are easing is helping to ease the weight on market sentiment allowing stocks to rise.
Stocks in the U.S. look set to open the day trading slightly higher. Stocks were supported by Janet Yellens comments yesterday and this is the reason why future markets are signalling that stocks will open higher. Investors will still approach the markets with some caution, as they await the jobless claims data later in the session. The anticipation will create plenty of volatility which is great for binary options traders.
Stocks in Asia traded higher during today’s early trading session. Stocks shrugged off yesterdays losses and swung into positive numbers during today’s session. Investors within Asia were looking for riskier investment opportunities and that combined with positive Chinese trade data made equities ever more appealing.
Today’s hot asset is, Barclays. Barclay’s have announced today that they will be cutting 19,000 jobs within the next three years. They are doing this to try and make themselves a bank that can offer lower volatility, higher returns and growth. This has been met with a positive reaction from investors and their share price has reflected this by rising 5.39% so far today. As this news is still very fresh there should be plenty more reaction as the session progresses.
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