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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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Start of the month doesnt hold much promise

Article By: ,  Senior Market Analyst
June 3, 2019 6:27 AM
After a lot of position squaring at the end of last week the new month’s trading has not got off to a good start. Instead, European stocks are lower across the board and the FTSE is down 1.07% as the rumbling trade tensions between the US and Mexico and China’s barbs directed at the US take their toll. Oil prices have dropped to their lowest since January, dampening energy firms’ share prices and recession fears are hitting consumer goods companies.

Later today Mexico and the US will try and resolve the issue of illegal immigration in high level talks which will address President Trump’s threat to start taxing Mexican imports into the US from early June.

Oil prices head towards $60 on recession concerns

Brent crude prices have plunged to just below $61 – having traded close to $70 throughout May - and are heading lower as the unsettled situation between the US, China and Iran stokes fears that recession will erode global oil demand. Frictions in the Middle East still remain a factor and may prove a counterweight at a later stage. 

Brexit, Tory leadership and the pound

The pound is trading higher but the sunshine may not last long given that the Brexit rhetoric among the contenders for the Tory leadership post is becoming more intense. After a good start sterling is now gradually heading lower in a straight line, not helped by the no-deal Brexit option coming back into play.

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