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
✖

Asian Equity Market Handover Extend Slide Ahead Of Trade Talks Outcome

Article By: ,  Financial Analyst
May 9, 2019 3:50 AM

Stock market snapshot as of [09/5/2019 0616 GMT]


  • Asian stock markets continue to extend their slide (except for Australia ASX 200) as U.S and China trade officials kickstart their crucial 2-days of negotiation talk in Washington later today ahead of U.S. administration planned proposal to increase additional tariffs on Chinese imports on Fri. In addition, the Chinese government has vowed to retaliate if U.S. imposes such tariffs in an official statement released yesterday.
  • The USD/CNH (offshore Yuan) has managed to clear above a key medium-term resistance at 6.8000 where it has been reported that the Chinese authorities have tried to defend the 6.8000 level earlier on this Mon, 06 May Asian session after U.S. President Trump’s tariffs threat tweet. It has printed a current intraday high of 6.8385 in today’s Asian mid- session. We have warned earlier in our report published last Fri where the USD/CNH’s bullish configuration can have a detrimental effect on emerging stock markets (MSCI Emerging Markets Index) that explains the Korea Kospi 200 being the worst performer today; down by -2.73% as Korean stocks form the second largest component weightage in the MSCI Emerging Markets Index after China (click here for a recap).
  • The on-going weakness seen in the Asian stock markets have a negative spill-over into the European stock indices futures where the FTSE 100 and German DAX are now showing losses of -0.29% and -0.56% respectively.
  • No major Europeans and U.K economic data releases for today.

 Corporate Highlights (U.K & Europe)


BMO: before market open

*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.





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