eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptocurrencies continue to show gains
After registering massive gains last week, with many cryptos reaching levels not seen in months, the crypto market remained mostly positive over the weekend. Over the past 24 hours, 7 of the top 10 cryptos registered gains, including Bitcoin, which was up around 3% at the time of writing, crossing the $5,300 mark, and Ethereum, which led the top 10 climbing around 9%.
181.697 8.3033 (4.79%)
Today’s highlights: US and China reportedly closer to a trade deal
The US and China to resume trade talks this week: Top economic advisor for President Trump, Larry Kudlow, told Bloomberg that a trade deal between the two nations is getting “closer and closer,” and that both sides will continue negotiations this week via teleconference.
Wall Street closes higher: Positive job data, coupled with renewed optimism regarding a US-China trade deal, pushed markets higher on Friday, as the DJ30, SPX500 and NSDQ100 all registered gains, notching a 2-week winning streak. Several stocks reached new all-time highs, including Starbucks and McDonald’s.
Asia mostly lower: Despite the positive close on Wall Street on Friday, markets in the East were mostly lower this morning, as the China50 and JPN225 indices registered losses, while the HKG50 was nearly flat.
Oil at 5-month high: The ongoing OPEC-led supply cut and US sanctions on Iran and Venezuela, continued to lift oil prices, as the black gold reached price levels not seen since November of last year.
Europe opens lower: The UK100 opened 18 points lower, the GER30 was down 59 points and the FRA40 opened 14 points lower.
GER30 trading session extended on eToro: Trading hours for the GER30 index have been extended on the eToro trading platform. The instrument will be open for trading Monday through Friday at 00:00 GMT and will be closed at 20:30 GMT.
74.93 0.58 (0.78%)
190.53 0.66 (0.35%)
63.39 -0.03 (-0.05%)
11965.26 -40.37 (-0.34%)
Earnings season to return this week: Publicly traded companies will begin sharing their earnings reports for Q1 of 2019 this week. Kicking off the season are major banks, Such as JPMorgan Chase and Wells Fargo, which will share their reports this Friday. To follow upcoming earnings reports, check out the eToro Earnings 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.
JPMJPMorgan Chase & Co
105.06 -0.5 (-0.47%)
WFCWells Fargo & Co
48.7 -0.47 (-0.96%)
* Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
* Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
* The information above is not investment advice.