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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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European Equity Market Handover First May

Article By: ,  Financial Analyst
May 1, 2019 10:42 AM

Stock market snapshot as of [1/5/2019 2:40 PM]



  • With few exceptions, European stock markets are closed for labour holidays though participants remain interested enough to bid futures firmly higher
  • Investors here are partly responding to another stellar set of U.S. technology sector earnings
  • A huge beat by ADP’s unofficial curtain-raiser before Friday’s U.S. payrolls—275,000 when 175,000 were forecast—is another positive for markets to look forward to when they return on Thursday
  • Wall Street is getting a similar boost, with Apple helping Nasdaq indices recover from Alphabet-induced declines, and the Dow to narrow the lag to the broader market’s gains
  • The main event ahead is the Federal Reserve’s policy statement and press conference. Markets clearly expect the Fed to remain ‘patient’. This would maintain a benign back drop for risk appetite

Corporate News

  • Apple’s surprise projection of a muscular rebound in third quarter revenues is in focus, particularly after Q2 sales and profits also beat Wall Street’s view
  • With Apple shares rising sharply, despite a more than 40% ascent into Tuesday’s close, investors appear to be anticipating signs of a stabilisation in iPhone sales
  • Earnings beats from Big Pharma groups Merck and Pfizer help repair Dow Jones Industrial Average underpinnings and of the 'value' side of the street in general

Upcoming corporate highlights

AMC: after market close


Upcoming economic highlights

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