Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.

68% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5 Top Stories

Tesla bests BYD; Romania’s biggest-ever IPO; latest NetEase title is a hit.

Every day, we handpick the 5 Top Stories stock market investors need to know. In 5 minutes, you’ll learn the stocks, CEOs, and money managers moving markets. 

Tesla has outperformed BYD, but can it last?

Both stocks have logged enviable gains, but Tesla [TSLA] would seem to be beating BYD [1211.HK] in the ongoing EV wars: the former has seen a 127% rally this year, far outpacing the latter’s 37% gain — but some analysts think that Tesla is overvalued. BYD, meanwhile, is making moves in Latin America, working on projects in Chile and Brazil. Stellantis [STLA] has unveiled two mass market-oriented EVs.

Romania’s biggest-ever IPO

Investment management fund Fondul Proprietatea [FP.RO], which is managed by Franklin Templeton, has gone public in Romania’s biggest-ever IPO — and Europe’s biggest year-to-date — raising $1.8bn. Some 17.3% of this total is comprised by shares in green energy producer Hidroelectrica, the country’s biggest electricity producer. The IPO may help the Bucharest Stock Exchange secure an MSCI upgrade to ‘emerging market’.

Success of latest title consolidates NetEase’s rally

Launched last Friday, NetEase’s [9999.HK] AI-based martial arts game Justice Mobile has become one of China’s three highest-grossing games. This success suggests that the stock’s 85% rally since it bottomed out last October is justified; it has become one of the Hang Seng Tech Index’s best performers over the period. According to data crunched by Bloomberg, analysts think shares could potentially rise another 17%.

HSBC tests new cyber defence

HSBC [HSBC.L] will be testing an advanced data-security system run by BT Group [BT-A.L], Amazon’s [AMZN] AWS cloud and Toshiba [6502.T]. The system relies on quantum key distribution, a type of cybersecurity that could help the bank protect trillions of dollars in transactions from cyber crime. “As technology develops and current methods begin to be defeated, we have to make sure we have the most up-to-date robust encryption and security standards,” HSBC Europe CEO Colin Bell told Bloomberg.

OBS to acquire Pakistan-based Bayer assets

Karachi-based OBS Group is finalising a deal to buy pharmaceutical assets in Pakistan from Bayer AG [BAYN.DE], sources told Bloomberg. The 7bn-rupee acquisition will include a factory in Lahore and 12 pharmaceutical brands, and will involve OBS Group incorporating a partially employee-owned unit. The news comes as the country battles record interest rates and soaring inflation. Shell [SHEL.L] has also put its share of its local business up for sale.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

Latest articles