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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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.
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European Equity Market Handover Risk off breaks out after broken trade deal

Article By: ,  Financial Analyst
May 9, 2019 9:59 AM


Stock market snapshot as of [9/5/2019 2:02 PM]

  • A ‘broken’ trade deal with China, according to Donald Trump, another salvo of North Korean test missiles and the weakest auction of benchmark U.S. Treasurys in a decade seal the impression of Thursday’s session as more definitively ‘risk-off’ than Wednesday’s
  • There’s really only one game in town today and it’s a binary one of ‘chicken’, with the global economy at stake. Either there will be a China-U.S. trade deal or there will not. Deep falls across most global stock market regions suggest that Thursday, the first day of talks scheduled with China’s Vice Premier Liu He, is more important than the second, set for Friday
  • If there’s no discernible outcome by Thursday’s U.S. close, stock markets can be expected to extend this week’s downside considerably, well before the planned tariff hike at 12:01 U.S. Eastern Time

Corporate News

  • European stocks also had their usual mixed-to-negative set of earnings from heavyweights to contend with. Financial and consumer sectors led the downside
  • Shares in one of the larger troubled Italian banks, Banco Popolare di Milano were down 7.1% just now. It reported a 15% drop in net interest income and lower than forecast revenues
  • Germany’s Continental AG fell 3.9%, the worst cars & parts industry decliner. The drag is from both trade trepidation and disappointing sales

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