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.
Open account
☰
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.
Open account
✖

Asia Morning nov 15

Article By: ,  Financial Analyst
November 15, 2020 8:16 PM
On Friday, U.S. stocks returned to positive territory. The Dow Jones Industrial Average rebounded 399 points (+1.37%) to 29479, the S&P 500 rose 48 points (+1.36%) to 3585, and the Nasdaq 100 was up 110 points (+0.94%) to 11937.


Dow Jones Industrial Average Index (Daily Chart) : Nearing February High

Sources: GAIN Capital, TradingView


Energy (+3.81%), Automobiles & Components (+3.57%) and Consumer Durables & Apparel (+2.36%) sectors led the market higher. Nordstrom (JWN +10.32%), MGM Resorts International (MGM +9.33%) and Marathon Petroleum (MPC +8.24%) were top gainers. 

Cisco Systems (CSCO +7.06%) and Applied Materials (AMAT +4.31%) also advanced after reporting quarterly results.   

Approximately 82% (85% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 80% (85% in the prior session) were trading above their 20-day moving average. 

The University of Michigan's Consumer Sentiment Index (preliminary reading) unexpectedly fell to 77.0 in November (82.0 expected).

European stocks closed mixed. The Stoxx Europe 600 was little changed, Germany's DAX gained 0.18%, France's CAC 40 added 0.33%, while the U.K.'s FTSE 100 dropped 0.36%.

The benchmark U.S. 10-year Treasury yield advanced to 0.893% from 0.886% Thursday.

Spot gold gained $11 (+0.59%) to $1,887 an ounce.

U.S. WTI crude futures (December) fell $1.01 (-2.46%) to $40.11 a barrel.

On the forex front, the U.S. dollar saw its weakness resume against other major currencies. The ICE Dollar Index declined 0.22% to 92.75.

EUR/USD was up for second day climbing 0.24% to 1.1834. Official data showed that the eurozone's third-quarter GDP grew 12.6% on quarter (+12.7% expected) but shrank 4.4% on year (-4.3% expected).

GBP/USD rebounded 0.63% to 1.3197 halting a two-day decline. Volatility in the pound's trading is expected to pick up amid on-going Brexit tug-of-war between the U.K. and the European Union.

USD/JPY slipped below the key 105.00 level as it fell 0.48 to 104.62.

AUD/USD rebounded 0.53% to 0.7270.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

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. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024