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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.

Trade headlines continue to dominate; Stocks mixed while Oil gains

16:47 21 November 2019

Summary:

  • Equities recover from early weakness

  • Trade headlines still dominate the markets

  • Oil rises strongly for 2nd day

  • Crypto markets swoon

 

US stocks are looking to end a two-day losing streak this afternoon after the major benchmarks closed lower on both Tuesday and Wednesday. Markets were trading further in the red before a bit of a recovery this morning aided by positive noises on the trade front, with reports that China has invited US negotiators for more talks, and while it seems like we’re just getting a rinse and repeat of the same news flow, it does clearly continue to impact the markets. However some of these gains were handed back after the South China Morning post reported that a high-profile signing ceremony of the Hong Kong bill would anger China and the US markets are trading a little lower on the European close.   

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Recent moves in stock markets seem to be almost solely driven by the latest developments in  US-Sino talks with equities getting a lift this morning after another headline crossed the wires. It’s quite remarkable that stock markets in not only New York and Shanghai, but also London and Frankfurt have such a heightened level of sensitivity in the near term to any news on this front, with quotes from the respective sides having a near instant impact in the markets. 

Elsewhere crude markets are looking to post a second successive day of gains with prices moving firmly higher. There’s been little concrete news to support the push but after a couple of heavy down days early on in the week the recent price action will no doubt be pleasing for oil bulls who will have one eye on next month’s OPEC meeting. 

It’s been a bad day for crypto markets with largescale selling seen across the space. The biggest loser is Litecoin, with the market falling back to the 50 level and down by 9% on the day. Bitcoin has seen an acceleration in its decline after moving firmly below the 8000 handle and while it is sitting on a daily drop of around 6% the long-term support region around 7200 is now just a couple hundred dollars away.  

 

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 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. XTB 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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