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.
Open account
☰
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.
Open account
✖

Trade war ceasefire helps European stocks

Article By: ,  Senior Market Analyst
May 28, 2019 6:43 AM
A few quiet days on the Sino-US tariff front have helped Asian and European markets higher this morning but the positive opening on the FTSE was only short lived. Declines by steel makers and several industrials are balancing out bounces in NMC Health and miners.

President Trump eased the pressure on Iran saying that it was possible to reach a deal with the country about its nuclear programme thereby causing Brent crude prices to slip below $69. The reaction was somewhat dampened by some tightness in the oil market caused by thinner supplies from Venezuela and frictions in the Middle East.

Leadership battle sets scene for more currency volatility

Two days after the European elections the pound is nudging lower against the dollar and the euro on concerns that the overwhelming win by the Brexit party will make a no-deal Brexit one of the more favoured options in Westminster. Sterling is trading at $1.2662 and is facing more volatility over the course of the week as the battle for the leadership of the Conservative Party starts in earnest. Home Secretary Sajid Javid is the latest contender to throw his hat into the ring following Esther McVey, Rory Stewart and Boris Johnson.

Italian bond yields are nudging higher and the euro is losing ground against the dollar at the prospect of the European Commission imposing a large fine on Italy. Brussels officials are looking into taking disciplinary steps against the country over its loose public finances as soon as early June.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

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. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024