CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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. 75% 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. 75% 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.

Morning wrap

06:38 6 December 2019
  • US indices closed slightly higher after a volatile session yesterday. Dow Jones added 0.1%, S&P 500 moved 0.15% higher while Nasdaq closed 0.05% above Wednesday’s closing price

  • Asian investors seem to be more optimistic than their US peers. Nikkei closed 0.23% higher while S&P/ASX 200 jumped 0.36%. Main Korean stock market index is trading around 1% higher at press time

  • NZD is the top performing G10 currency on Friday morning after RBNZ Deputy Governor Bascand said that new capital rules for banks will not create headwinds for the economy

  • Steven Mnuchin said that Trump administration opposes World Bank’s plan to provide low interest loans to China

  • OPEC members failed to agree on the details of a new output cut agreement. Additional cut of 500k bpd is discussed. However, Saudi Arabia’s energy minister promised  “beautiful news” today

  • Japanese household spending plummeted 5.1% YoY in October against an expected drop of 3.2% YoY. Increase in sales tax as well as unfavourable weather is said to be the cause

Korean index (KOSP200) pulled back after a failed attempt of breaking above the 288-290 pts resistance zone. The index found support at the zone ranging around the 275 pts handle and is eyeing a rebound from there. Source: xStation5

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