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. 66% 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.
Trade war fears weigh on Wall Street
US markets closed lower yesterday, as the DJ30, SPX500 and NSDQ100 all registered losses. Reports in China that the government is rethinking its entire trade relationship with the US, coupled with US Treasury Secretary Steven Mnuchin telling CNBC there are no trade talks scheduled with Beijing, pushed markets down. Chipmaker Qualcomm continued to slide, closing more than 10% lower, and Apple slipped more than 2%.
69.25 -8.5 (-10.93%)
182.57 -4.03 (-2.16%)
Today’s highlights: Bitcoin falls below $7,700
Cryptos back in the red: The cryptocurrency market was seen lower over the past 24 hours, as all top 10 cryptos registered losses, 6 of which falling 5% or more. At the time of writing, Bitcoin was down more than 3%, trading below the $7,700 mark.
Asian markets seen lower: Markets in the East registered declines this morning. The HKG50 index was down more than 1% at the time of writing, joined by the China50 and JPN225 indices.
Oil continues to slip: The official US Crude Oil Inventories report was released yesterday, showing a significant increase in oil stockpiles, causing the black gold’s price to decline.
Fed minutes suggest no rate moves coming: Minutes from the latest Federal Open Market Committee were released yesterday, showing the Fed does not intend to raise or lower interest rates anytime soon. However, the meeting was held before the recent escalation in the US-China trade dispute, which could cause the Fed to change policy.
Target soars on earnings report: Retail giant Target showed better-than-expected results in its earnings report, published yesterday. As a result, the stock climbed more than 7.7%.
Europe opens lower: The UK100 opened 31 points lower, the GER30 was down 75 points and the FRA40 opened 26 points lower.
7561.71 -21.54 (-0.28%)
60.87 -0.44 (-0.72%)
77.44 5.48 (7.62%)
Stocks earnings releases on 23/05/19
Stocks earnings releases on 24/05/19
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.
* 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.