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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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Equity Market Handover Trying to hold the holding pattern

Article By: ,  Financial Analyst
June 25, 2019 11:11 AM


Stock market snapshot as of [25/6/2019 3:01 PM]

  • Partly a holding pattern, partly a surreptitious drift to safety is a fair way to characterise the market mood as global tensions simmer ahead of the G20 meeting
  • That was represented almost literally by the 339 of six hundred STOXX Europe 600 shares trading lower half-way through the session, whilst 251 rose and a minority were flat
  • It’s a third straight day of losses for the broad regional gauge but the 1% slide since Thursday essentially takes the market back to its range a week ago
  • North American indices start on a similarly lacklustre footing. All main Wall Street gauges were lower together with Toronto’s TSX just now. Only Mexico’s Mexbol was on the rise
  • Gold and the yen and most EU and U.S. government bonds to continue to rally as a function of both safety seeking and the massive accommodation expected from broad monetary easing. The dollar index is only flat after falling almost 2% since 18th June
  • Oil prices fluctuate, last trading moderately higher with traders unsure U.S. crude can extend gains of 8% in just three days, unless Iran tensions boil over again. OPEC’s supply announcement is still a week away and the probable decision to maintain lower output looks priced in

Corporate News

  • To be sure, the most hamstrung European stock market sectors of the year continue to ail on trepidation whilst the energy sector barely advances
  • Société Générale leads the largest banks to a continued underperformance, falling 1%, with investors reacting to a fresh record low in Germany’s 10-year bund yield, Europe’s benchmark borrowing cost
  • Smaller French peers Natixis worsens a significant recent decline with a 2% fall in the wake of €1.4bn in outflows from its tainted H20 fund
  • The U.S. session opens with more colossal health sector merger news as AbbVie confirms a $63bn deal to buy Botox maker Allergan. AbbVie tumbles 8%, Allergan is 32% firmer 

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