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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.
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Asian Equity Market Handover Recent Sell Off Taking A Breather

Article By: ,  Financial Analyst
May 15, 2019 1:58 AM

Stock market snapshot as of [15/5/2019 0442 GMT]


  • The recent sell-off seen in Asian stock markets triggered by an escalation of trade tension between U.S and China has taken a breather where most benchmark indices are showing gains in today’s Asian mid-session after taking the cue from a positive close seen in US. stock market where the S&P 500 rallied by 0.80%.
  • The China, Hong Kong and Australian stock markets are the best performers so far after a weaker than expected key China economic data ignites hopes of further stimulus measures from the Chinese government. Retail sales for April came in at 7.2% y/y versus consensus of 8.6% and industrial production for April grew at 5.4% y/y versus 6.5% y/y consensus.
  • Despite the current positive performance seen in the global stock markets, the medium-term/multi-week downtrend remains intact from a technical analysis perspective and the on-going rebound is likely to be corrective aka “dead-cat bounce” in nature. Click here & here for our latest weekly technical outlook reports.  
  • European stock indices CFD futures are showing modest gains with the FTSE 100 and German DAX up by 0.30% and 0.07% respectively.

Corporate Highlights (U.K & Europe)


NTS: no time specific

Macroeconomic Calendar


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




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