Temporary government shutdown solution lifts US markets
Wall Street closed higher on Friday, after President Trump announced a deal to temporarily end the government shutdown, and keep it open until mid-February. The DJ30, SPX500 and NSDQ100 all finished in the green, notching a five-week win streak. The tech sector showed strong gains, as both Apple and Netflix closed more than 3% higher, and Facebook was up more than 2%. PayPal also climbed more than 2%, to reach a new all-time high.
Today’s highlights: Crypto market takes a tumble
- Cryptocurrencies tumble: After showing a slight uptick on Saturday and displaying relatively low volatility after, the crypto market took a turn for the worse over the past 24 hours, as all top 10 cryptos registered noticeable losses. At the time of writing, Bitcoin was down more than 3%, slipping below the $3,500 mark. Of the top 10 cryptos, Bitcoin Cash registered the largest losses, down by nearly 11% at the time of writing.
- Markets await trade talks: Representatives from the US and China will meet later this week, discussing a potential trade deal. As the ongoing trade war continues to weigh on markets, a deal announcement could have a positive impact on Wall Street and Asia.
- Bank chiefs to impact European markets: ECB President Mario Draghi will be testifying before the European Parliament Economic and Monetary Affairs Committee at 14:00 GMT. 30 minutes later, BoE Governor Mark Carney will be answering questions at the Bank of England’s Future Forum. Both bank leaders could potentially generate volatility for their respective currencies and other financial instruments in Europe.
VXX ETN to reach maturity on January 30th
The VXX ETN, which tracks the VIX volatility index, will mature on January 30th, 2019, and will no longer be available for trading. Therefore, all open VXX positions on eToro will be closed tomorrow, on January 29th, when markets close. Barclays Bank, the issuer of the ETF will launch a second fund, VXXB ETN, which offers similar volatility exposure, and will be made available on the eToro platform soon.
Stocks earnings releases on 28/01/19
Stocks earnings releases on 29/01/19
Earnings season continues: 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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28/01/2019 appeared first on eToro.