Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

S&P 500: Fully valued on some measures – UBS

Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The rally has left major equity indexes fully valued on some measures, according to UBS. 

Don´t miss: S&P 500 ended on a positive note in 17 of the past 23 presidential election years – Charles Schwab

Key quotes

“The S&P 500 currently trades at 24.2x our estimate of 2020 earnings and 18.9x 2021 earnings, compared to the 20-year average trailing price-to-earnings ratio (P/E) of 17.9x, and the 20-year average forward P/E of 16x.” 

“For markets to catch a broad ‘second wind’ investors will need greater confidence that a second wave of virus infections will not lead to renewed lockdowns. In particular, in this scenario we would see ample room for further gains in economically sensitive parts of the market which are lowly valued and have underperformed through the crisis so far.”

 

EUR/USD remans under pressure around the 1.0960 area

The single currency came under selling pressure on Wednesday and is now forcing EUR/USD to retreat to the 1.0960 region. EUR/USD sheds ground on USD-b
Read more Previous

USD/ZAR: Falling to 16.50 in a risk-on mode – Credit Suisse

Economists at Credit Suisse mark the 16.50-16.55 area as a short-term level which USD/ZAR could fall to if global risk markets continue to rally. By c
Read more Next