CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

Daily summary: Stocks retreat amid new Covid-19 restrictions in Europe

17:12 15 October 2020
  • Global stocks fall on new Covid-19 restrictions

  • U.S. Jobless claims highest since mid-August

  • EURUSD below the 1,17 mark

Global stock markets are under pressure of renewed virus-related restrictions in some European countries. Most indices from the Old Continent ended the day significantly lower. DAX plunged 2.49%, CAC 40 sank 2.11% while FTSE 100 lost 1.73%. U.S. markets opened lower as well, yet the scale of a pullback is not as serious as it was the case in Europe. 

Gold prices fell below $1,900 mark today, but market bulls regained control in the afternoon. Silver prices are currently falling roughly 0.50% while oil prices remain above $40 a barrel barrier. The U.S. dollar strengthens against the euro, as a result EURUSD fell below 1,17 for a brief moment. 

During today’s session investors might have felt disappointed with U.S. jobless claims report as the number hit highest level since mid-August (898k vs expected 825k). Still, continuing jobless claims fell to 10.018k, a figure better than anticipated. Philadelphia Fed Manufacturing Index turned out to be a positive surprise as well as the gauge rose in October to 32.3 (vs expected 14.0). As far as EIA’s data is concerned, crude oil inventories fell more than expected. 

Tomorrow Japan and the euro zone will release their CPI figures for September. In the afternoon the U.S. will publish key retail sales report for the month of September, as well as industrial production data. One might also be interested in Michigan Consumer Sentiment.

 The Australian dollar drops over 1% against the U.S. dollar today. The currency pair returned below resistance area at 0.7200 and downward move accelerated afterwards. Should the price break below the support zone at 0.7030, the sell-off might deepen even towards 0.68 level. Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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