Online Forex broker
On Friday, American equities went down in midday trade because another sink in crude prices put pressure on energy shares.
The stock market faced a holiday-shortened trading session because of the Thanksgiving day.
The Dow headed south by nearly 0.56%. The S&P 500 index dipped by 0.46%. As for the tech-heavy Nasdaq composite, it slumped by about 0.11%.
Crude declined over 6%. It became possible because fears about a supply glut persisted. As for Exxon Mobil and Chevron, they slumped over 3%.
Meanwhile, the energy sector has gone down by 16.5% since the beginning of October. It turned out to be the worst performing S&P sector, with its biggest two-month sink since September 2011.
Besides this, retail equities are closely watched. Investors are eager to know if the companies are capable of overcoming an underwhelming retail earnings season.
In addition to this, Walmart managed to head north by over 1%. However, Amazon.com went down a bit.
Market participants are going to closely watch the G20 summit to be held in Buenos Aires, exactly where American leader Donald Trump and his Chinese rival Xi Jinping are anticipated to hold negotiations in the face of a worsening trade clash between the two leading economies that has put pressure on financial markets and generated fears of a global meltdown.
The high-stakes gathering comes as the current presidential administration demonstrates little sign of backing down in its demands as well as rhetoric. On the contrary, on Friday, Chinese Vice Commerce Minister Wang Shouwen told that trade negotiations need to be mutually beneficial and equal.
Contributing to fears, the Wall Street Journal informed that the American authorities were trying to convince wireless as well as Internet providers in allied countries to avoid using telecommunications equipment from China's well-known company Huawei Technologies.
On Wednesday, European stocks declined due to the fact indications that China has put broader stimulus on hold managed to overshadow firm gains from the likes of SAP andCredit Suisse…
On Tuesday, Asian stocks were mixed following the Easter break…
On Monday, Australian shares managed to surge after the close…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
