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. 65% 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.
Wall Street lifted by trade talk optimism
US markets rose yesterday, following a report on the Wall Street Journal, suggesting that the US might ease tariffs on goods imported from China to promote a trade deal. After rising more than 1%, the DJ30, SPX500 and NSDQ100 later fell off their session highs, but still closed higher for the day.
24419 57.57 (0.24%)
Today’s highlights: Global markets seen higher
Asian markets seen higher: Markets in the East had a positive reaction to US-China trade optimism, as the China50 index rose nearly 2%, joined by the JPN225 and HKG50, which rose more than 1% each.
Calls for second Brexit referendum increase in the UK: Members of several parties in the UK have banded together to push for a new Brexit referendum, now referred to as “The People’s Vote”. The main opposition party, Labour, has yet to join the call, but if it does, this could lead to the referendum, which is expected to overturn the original decision to leave the EU.
Slight recovery seen in crypto markets: 9 of the top 10 cryptocurrencies registered gains over the past 24 hours, however, 4 of which climbed less than 1%. At the time of writing, Bitcoin was up nearly 1%, trading below the $3,700 mark.
Volatility expected for CAD: The monthly Consumer Price Index report will be released in Canada at 13:30 GMT, potentially impacting the Canadian Dollar.
Oil shows gains: The OPEC production freeze, coupled with renewed optimism regarding US-China trade relations, boosted oil prices this morning.
Netflix falls after-hours: Despite its earnings report showing an increase in revenue and subscriber numbers, earnings were just shy of analyst predictions, causing the NFLX stock to fall more than 3.8% in after-hours trading.
Europe opens opens higher: The UK100 opened 30 points higher, the GER30 was up 58 points and the FRA40 opened 26 points higher.
China50China A50 Index
11015.25 222.5 (2.06%)
3623.76 -3.78 (-0.1%)
1.3262 -0.0012 (-0.09%)
353.47 2.08 (0.59%)
VXX ETF 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 on January 29th, when markets close. Barclays Bank, the issuer of the ETN will launch a second fund, VXXB ETN, which offers similar volatility exposure, and will be made available on the eToro platform soon.
* 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.