CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 77% 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. 77% 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

06:26 24 February 2020
  • Stocks in Asia are sinking as coronavirus cases outside China surged. S&P/ASX 200 finished 2.25% lower while HSCEI is trading 1.9% lower. KOSPI is top laggard and trades 3.5% down. S&P 500 futures trade 1.4% lower.

  • Number of confirmed coronavirus cases rose to over 79,500. Death toll rose to 2,619. Number of recovered patients stands at 25,077. Number of cases in South Korea increased to 763 while Italy said it has 152 confirmed cases.

  • China began to ease some restrictions in order to get the economy back on the right track. The country has also allowed non-local residents in Wuhan to leave the city in case they are not under quarantine

  • A steep pullback can be observed on the oil market with Brent trading 2.4% lower and WTI sliding 2.3%. Industrial metals trade mixed - zinc and copper declines while lead and nickel advance

  • USD is the strongest major currency on Monday morning. NZD, CAD and AUD are top laggards. Gold is surging on risk-off moods and trades above $1660

  • Bernie Sanders won Demoratic primaries in Nevada with 47.1% support. Joe Biden was second (21%) while Pete Buttigieg was third (13.7%)

  • G20 finance ministers cited the coronavirus outbreak as a risk to global growth. IMF lowered Chinese GDP forecast from 6% to 5.6%

  • New Zealand’s retail sales data for Q4 showed an increase of 0.7% QoQ (exp. 0.8% QoQ)

  • Telegram reports that Boris Johnson is set to start US-UK trade talks in 2 weeks

Korean index (KOSP200) is sinking as the number of confirmed coronavirus cases in the country increased from 10 to over 750 in just a week. The index is eyeing a test of a local swing level at 280.5 pts. In case bulls fail to halt decline there, support zone at 275 pts could be at risk. 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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