iSAM Securities Launches CFDs on Futures to Meet Growing Client Demand

Positive data came out in the UK this morning: UK GDP rose by 0.3%, beating economists’ estimates of 0.1%. The UK economy held up despite businesses and consumers being hit by Rachel Reeves’ £26 billion payroll tax raid and US tariffs.

Stocks rose to record highs after the US July CPI print came in at 0.2% MoM, consolidating the view that the Fed will have room to cut interest rates. The OIS market is currently pricing in a 94% chance of a 25-bps cut in the upcoming September meeting.

Overall market optimism grew after US President Trump extended tariffs on Chinese goods for another 90 days. Asian stocks gained 0.4%, and equity-index futures in Europe rose 0.3%. Volatility in the precious metals market continues on the tariff news.