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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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US Equity Handover Stocks Close Flat as BYND Dumps on Downgrade

Article By: ,  Head of Market Research
June 11, 2019 4:57 PM

US Equity Handover: Stocks Close Flat as BYND Dumps on Downgrade

Headlines

  • US indices oscillated in and out of positive territory today, ultimately closing essentially flat across the board.
  • The Nasdaq 100 may stand to benefit from a possible thaw in US-China trade talks.
  • Communication Services (XLC) was the strongest sector on the day; Utility stocks (XLU) were the weakest group.
  • US PPI came in at +0.1% m/m (+1.8% y/y), a tick below expectations. Tomorrow’s US CPI report will be a key release in setting expectations for whether the Fed may cut interest rates either next week or at its July meeting.
  • Beyond Meat (BYND) was downgraded by JP Morgan, taking the high-flying stock down 25%. At $126, it’s still up 400% from last month’s IPO price of $25.

*There are no high-impact corporate announcements expected during tomorrow’s Asian session.*

Macroeconomic Calendar


*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.


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