Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
American equities head north, as US-China trade clashes recede
On Monday, American equities mostly ascended. It’s because China and the United States agreed to suspend the introduction of tariffs before the signing of a trade pact between the two leading economies of the world.
The Dow blue chip index futures gained 0.93% reaching 24952.0, the S&P 500 futures soared 0.60%, coming up with an outcome of 2,729.25. Additionally, futures of high-tech Nasdaq 100 rallied by 0.71%, demonstrating a reading of 6923.00.
On Sunday, US Treasury Secretary Stephen Mnuchin told that at the moment the trade conflict between the United States and China was frozen. For the last few months, both countries have been drawn into a fierce trade feud to introduce reciprocal tariffs on imported goods. Notwithstanding the suspension of the introduction of tariffs, China hasn’t agreed to cut the US trade deficit by nearly $200 billion in mutual trade yet despite Donald Trump’s demand.
Tesla shares, which soared by 1.72%, after Tesla CEO Ilon Mask uncovered a two-fold leap in the price of the new version of Model 3. The Facebook shares rallied by 0.76%, and shares of semiconductor maker Advanced Micro Devices Inc dipped 2%. Equities of General Electric slumped by 2.20%.
On the other hand, shares of British American Tobacco headed south 0.53%, Aegion Corp managed to ascend 2.26%, equities of Vedanta Ltd dived by 1, 68%.
Meanwhile, European stock markets demonstrated quite mixed dynamics of trading. The French CAC 40 managed to ascend by 0.67%, the German DAX acquired 0.28%, while the London FTSE 100 inched up by 0.79%. The Euro Stoxx 50 index headed south by 0.55%, while the Spanish IBEX 35 rallied by 0.07%.
Gold futures inched down 0.57%, trading at $1,244.0.
Besides this, WTI crude futures ascended by 0.34%, coming up with a reading of $71.61 per barrel.
You are still in doubt whether it makes sense to trade stocks? Watch this.
The oldest US aluminum company Alcoa will post its earnings report for the fourth quarter of 2019 on January 16 at midnight.
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.