CMC Markets

CMC Markets was established the UK in 1989 when entrepreneur Peter Cruddas started the company with a £10,000 investment. The “Currency Management Corporation” was set up in a small office with just a desk and a phone, and Cruddas brokered FX deals with contacts he had gained as a bank operator at Western Union.

Brent Crude Oil Rises above $112

Brent crude rose above $112 on Friday as Supreme Leader Ayatollah Ali Khamenei warned that the Iran would retaliate over an oil embargo at the right time.

World Stock Markets Steady Near 5 1/2-Month High

World stocks held steady near a 5-1/2 month high on Friday as investors anticipated an imminent conclusion to Greek debt talks while lower Spanish bond yields and a fall in Italy's six-month borrowing costs also supported the euro.

Portugal and Greek Concerns Weigh on World Stocks

World stocks fell from a 5-1/2 month high on Friday as gains spurred by the Federal Reserve's pledge of low interest rates gave way to concerns about Portugal, seen as the next domino in the Eurozone crisis, and uncertainty over Greek debt talks.

Stocks Jump After Central Bank Action

World shares rose half a percent to one-week highs on Friday while the euro clung to gains from the previous session on hopes that European policymakers would finally come up with a bold plan to combat a deepening debt crisis.

Gold steadies off 4-week high ahead of U.S. data

Gold steadied on Wednesday ahead of a raft of U.S. data due later, having earlier risen to four-week highs as a retreat in the dollar and concerns over the medium-term inflation outlook helped support the precious metal.