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US-China trade talks to resume
Futures point to further gains when markets open today, after China’s Ministry of Commerce said that American and Chinese representatives spoke overnight and agreed to meet next month to discuss a possible trade deal. Yesterday, Wall Street closed higher, after Hong Kong Chief Executive Carrie Lam agreed to a key demand made by protesters, easing some of the tension felt in global markets. The DJ30 closed more than 0.9% higher, while the SPX500 and NSDQ100 each closed more than 1% higher. Several stocks hit fresh all-time highs, including Roku, Coca-Cola, Wal-Mart, Comcast and Procter & Gamble.
168.57 11.69 (7.45%)
45.5 1.62 (3.69%)
Today’s highlights: Jordan to discuss crypto
Cryptos show correction: The cryptocurrency market was lower overall over the past 24 hours, as the majority of top 10 cryptos registered declines. Bitcoin, however, remained afloat, holding above the $10,600 mark. Cryptos could be impacted by a speech titled “Currencies, Money and Digital Tokens,” scheduled to be delivered by SNB Chairman Thomas Jordan at 16:00 GMT.
Asian markets seen higher: The positive development in Hong Kong, coupled with the promise of renewed trade talks, had a positive impact on markets in the East this morning. The JPN225 index leapt more than 2%, while the China50 index was up more than 1.4% and the HKG50 index also registered gains.
Volatility expected for USD: The ADP NFP report will be released in the US at 12:15 GMT, serving as an indicator for the official report that will be published tomorrow. The report could generate volatility for the USD.
Oil shows recovery: The black gold registered impressive gains yesterday, boosted by US-China trade talks optimism. Today, oil prices could be further affected by the Crude Oil Inventories report, to be released in the US at 15:00 GMT.
GBP rallies on Parliament decision: The UK Parliament yesterday blocked PM Boris Johnson’s attempt to push for a snap election, reducing the chance for a no-deal Brexit this October. As a result, the Pound rallied nearly 1% yesterday.
Slack tumbles on earnings: The business management platform yesterday shared its first-ever earnings report since going public. The results were less-than-convincing, causing the WORK stock to tumble more than 13% in after-hours trading.
Europe opens higher: The UK100 opened 30 points higher, the GER30 was up 110 points and the FRA40 opened 48 points higher.
21068.5 415 (2.01%)
55.89 0.12 (0.22%)
WORKSlack Technologies Inc
31 2.24 (7.79%)
1.2225 -0.0022 (-0.18%)
Stocks earnings releases on 05/09/2019
LULULululemon Athletica Inc
Earnings season coming to an end: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.
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