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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 Washington bans Huawei but Walmart shines

Article By: ,  Financial Analyst
May 16, 2019 11:18 AM


Stock market snapshot as of [16/5/2019 3:11 PM]

  • Washington’s confirmed ban of Huawei and 70 affiliates, inevitably exacerbating a trade dispute with Beijing, vies with stronger earnings and signs of bargain hunting as chief influences on global shares
  • A positive start despite the White House’s efforts, joins other clues suggesting risky markets could soon draw a line under weakness that became pronounced last month. Indications are technical and also structural, including JPMorgan’s Treasury survey pointing to profit taking in the safe-haven asset sometime soon
  • Housing starts and permits showing a spring rebound, jobless claims stuck near rock-bottom and another ebullient regional U.S. manufacturing index are further positives for risk appetite

Corporate News

  • But the China-tariff theme keeps showing up elsewhere. Burberry shares are the worst large-cap fallers in Europe after lacklustre earnings, with dependence on China and the Asia-Pacific dragging revenues
  • Walmart took the tariff end of prevailing concerns, warning that “increased tariffs lead to increased prices”. The stock rises 3% though. Like Macy’s on Wednesday, Walmart backs the view that a rebound of traditional retailers may be underway. The biggest bricks & mortar retailer in the world posted a 19th-consecutive quarter of same-store sales growth 

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BMO: before market open          AMC: after market close              NTS: no time specified

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