Top Story

FTSE slightly stronger ahead of G20

European markets are cautiously optimistic, with the FTSE trading 0.15% higher ahead of the G20 gathering of Presidents and Prime Ministers later this week, which will bring the China-US trade dispute back on the agenda.

The DAX is under more pressure than other gauges, being weighed down by a decline in Daimler shares after the company issued its third profit warning this year. In London services companies are trading stronger while travel firms and supermarkets are pulling the index lower.

The guessing and second-guessing of the potential outcome of the Trump-Xi talks expected at some point during the G20 meetings at the end of this week, will keep the markets on their toes.

Tech stocks and related companies will also be in focus after the US blacklisted five Chinese IT firms involved in military-related applications Friday fuelling investors’ concerns that China will respond with a similar countermeasure.

Turkish lira in spotlight as opposition wins Istanbul spot

The beleaguered Turkish lira is back in the spotlight after the re-run of the Istanbul election confirmed that the opposition party won the city mayoral seat despite objections from President Erdogan. The currency firmed up to 5.7450 against the dollar and could see some more activity before the election dust settles.

In contrast, the pound is losing ground as the battle for leadership of the Tory party becomes a two-horse race, with only Boris Johnson and foreign secretary Jeremy Hunt left in the running. The final vote is still weeks away and the uncertainty is set to keep the pound in limbo.

Please note these products may not be available in all region.
Please note this product may not be available to trade in all regions.Please note this product may not be available to trade in all regions.Please note this product may not be available to trade in all regions.Please note this product may not be available to trade in all regions.

Disclaimer: The information on this web site 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. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.