Market Overview

23 May 2019 07:55

Maria Gregoriou

The Statistisches Bundesamt Deutschland reported that Germany’s gross domestic product (GDP) for the first quarter of 2019 saw an increase of 0.4 percent compared to the fourth quarter of 2018. The last quarter of 2018 saw GDP at 0.0 percent and this jump to 0.4 percent mainly came from domestic demand, according to the report. So far this year, Germany has also seen a rise in gross fixed capital formation in machinery and equipment by 1.2 percent as compared to the last four months of 2018. Household final consumption expenditure rose by 1.
22 May 2019 07:04

Maria Gregoriou

As the fate Brexit saga continues to play out, and the prime minister Theresa May is running out of time to save Britain from a no deal, her latest move was to announce that she will offer MPs the chance to vote on a second Brexit referendum. In a press conference May said that she has been listening carefully to those who want a second referendum and although she does not believe this is a route that the UK should take, she recognises the genuine and sincere feeling across the house on this important issue.
21 May 2019 09:04

Maria Gregoriou

The Reserve Bank of Australia’s (RBA) Governor, Philip Lowe gave a speech about the economic outlook and monetary policy to the Economic Society of Australia today, after the RBA released its latest meeting minutes. The highlight of the speech was a suggestion that the bank could consider easing monetary policy at next month’s meeting in order to drive faster hiring and take unemployment below five per cent. Lowe mentioned in his speech that “the Australian economy can support an unemployment rate of below five percent without raising inflation concerns.
17 May 2019 07:30

Maria Gregoriou

All eyes are on Britain again as yesterday Theresa May was forced by her own party to agree on when her time as prime minister would be up. As a result of this and doubts that Britain will leave the European Union with a no deal, the Pound had its longest slide since 2000 yesterday. May had already agreed to step down as the country’s leader if her Brexit plan was accepted but now, after a long meeting with the most powerful members of Parliament in her Conservative Party, she has been forced to set a timeline for her exit.
16 May 2019 08:22

Maria Gregoriou

Stocks saw a rise yesterday after U.S President Donald Trump decided to delay imposing tariffs on auto imports for a period that could go up to six months. As reports started coming in that the tariffs of as high as 25 percent on cars could be stalled and US Treasury secretary Steven Mnuchin’s stated that he thinks “we are close to an understanding with Mexico and Canada,” stocks were sent into the green. According to Yahoo Finance, the S&P 500 rose 0.58 percent towards the end of market close and the Dow rose 9.45 percent and Nasdaq advanced by 1.13 percent.
15 May 2019 07:06

Maria Gregoriou

British Prime Minister Theresa May is planning to take the withdrawal agreement bill to MPs to vote on at the beginning of June. According to Downing Street, this plan will go through even if Labour and the government fail to reach a deal until then.
14 May 2019 08:32

Maria Gregoriou

According to one of the government’s main indicators, Japan’s economy is deteriorating for the first time in six years. The index shows that economic conditions fell 0.9 percent from February to March, thus statisticians now claim that the economy is worsening rather than weakening. This is the bottom grade that is used to describe an economy. The last time such a grade was given to Japan’s economy was in 2013. The reasons behind this downfall in the economy are the trade war between China and the U.
10 May 2019 07:51

Maria Gregoriou

U.S President Donald Trump raised tariffs on $200 billion worth of Chinese imports, taking tariffs from ten percent to 25 percent overnight. China reacted by stating that it will have to take necessary countermeasures after this development. China’s Ministry of Commerce added that “we hope the United States will meet us halfway, and work with us to resolve existing issues through cooperation and consultation.” The news comes with the assumption that U.S businesses will feel the effects of the rise in tariffs.
9 May 2019 08:50

Maria Gregoriou

After the U.S. President Donald Trump commented on trade talks with China at a campaign rally that “China broke the deal” U.S. stock futures dropped as much as 0.7 percent. These comments, along with Trump stating that “they can’t do that so they will be paying,” also caused Asia stocks to fall and the Yan to strengthen by 0.2 percent against the Dollar. According to Reuters, the South Kospi dropped 3.4 percent to close at 2,102.01, which is its biggest one-day percentage loss since mid-October 2018. Also, Japan’s Topix dropped 1.
8 May 2019 10:46

Maria Gregoriou

The European Commission released its Spring 2019 Economic Forecast today, stating that growth in the European economy may continue at a more moderate pace. This continuation of growth is expected for a seventh year in a row as real GDP is expected to grow in all EU Member States. Even though there is uncertainty on a global scale, the domestic tendencies are expected to support the European economy and growth may gather speed in 2020.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.55% 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.