Top Story

European Equity Market Handover: ‘Wealth’ of Trump tweets dents attempted bounce

Stock market snapshot as of [10/5/2019 12:49 PM]

  • The @realDonaldTrump Twitter feed has been very active, taking some wind out of the sails of Friday’s stock market bounce
  • European shares managed to stabilise with the help of standout gainers like Germany’s ThyssenKrupp, though U.S. markets were thrown off balance
  • The U.S. President has been keen to push his view—not backed by any normal understanding of economics—that tariffs will “bring in FAR MORE wealth” to the U.S. “than even a phenomenal” trade deal
  • Wall Street futures managed to reach positive territory earlier, but have now succumbed to Trump’s onslaught of well over 30 tweets within an hour
  • Market scepticism about the possibility of a breakthrough on day two of talks in Washington with China’s Vice Premier Liu Hu was already high
  • The key takeaway for investors is that a President endorsing tariffs over a trade deal is negative for the chances of one being sealed anytime soon. All that’s left is to buckle up for the final downswing of the week

Corporate News

  • Uber’s IPO looms large over a quietening earnings season on both sides of the Atlantic. After the stock priced at the lower end of the planned range, the focus is on whether FOMO alone can deliver a big uplift from its starting price of $45 a share
  • Germany’s ThyssenKrupp followed the spin-off trend of fellow DAX industrials with plans to list its elevator unit as it reported so-so earnings. The news was just in time to offset dented sentiment after regulators blocked its planned merger with India’s Tata. The shares have surged 17% higher

Upcoming corporate highlights



Upcoming economic highlights



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 Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.

The markets are moving. Stop missing out.

OPEN AN ACCOUNT