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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 Fade Along with Hopes of USChina Trade Deal

Article By: ,  Head of Market Research
May 9, 2019 5:13 PM

Headlines

  • US indices closed lower on the day, though they did recover off their morning lows on (slim) hopes of a US-China trade deal.
  • REITs (XLRE) were the only major sector to eke out a gain on the day, while technology stocks (XLK) fell the furthest at nearly -1%.
  • US-China trade anxiety peaks, with President Trump noting that it was still possible to get a trade deal this week, but that he had an “excellent alternative” to a China deal. Negotiations resume at 17:00 ET (21:00 GMT) ahead of an escalation of tariffs at midnight ET.
  • Uber is set for its IPO tomorrow – read our full preview here.
  • Asian stock indices are edging generally lower, though tomorrow’s trade will depend heavily on the outcome of tonight’s US-China trade talks.

*No major earnings reports expected in Friday’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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