US markets opened mixed on Tuesday. DJIA is down by -0.08%, Nasdaq is up by 0.10%, S&P 500 is up by 0.07%. The Bovespa is up by 1.32% and Mexico's IPC is up by 0.23%.
UK’s Financial Conduct Authority (FCA) has followed the example of the Cyprus Securities and Exchange Commission (CySEC), issuing a ban on trading bonuses and setting a cap of 1:50 on CFDs. In its statement the UK regulator commented that CFDs
Asian markets ended mixed on Tuesday. The Hang Seng is up by 0.75%, Shanghai Composite is down by -0.17% and Nikkei 225 is up by 0.47%. Aussie and Kiwi markets ended higher on Tuesday. S&P/ASX200 is up by 0.52% and NZX50 is up by 0.81% .
Following the election, the market has surged around the theme of 'Trumponomics' as a 'New Hope' as tax cuts and infrastructure spending (read massive deficit increase) will fuel earnings growth for companies, stronger economic growth, and higher asset prices.
The dollar held its ground, but was challenged to extend recent gains, against major rivals Tuesday on the heels of wild, euro-driven gyrations after Italy’s weekend referendum. The dollar held its ground, but was challenged to extend recent gains, against major rivals Tuesday on the heels of wild
Nikkei share average rebounded on Tuesday as strong U.S. economic data helped calm worries about instability in the European Union after Italian Prime Minister Matteo Renzi's resignation. The Nikkei ended 0.5 percent higher to 18,360.54.
U.S. crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased U.S. drilling. U.S. West Texas Intermediate crude rose early in the day and began to pare gains
Italy is the first and possibly the most important test of Europe’s new regime for handling failing banks. Launched with much fanfare at the beginning of this year, the EU reform was supposed to make investors shoulder bank rescue costs.
EUR/USD: Neutral: Room for extension higher to 1.0850. We indicated yesterday that despite the strong downward pressure, we were reluctant to adopt a bearish stance as we view 1.0455/60 (low in 2015) as a very strong support and do not envisage a clear break below this level.
Asian stocks rose Tuesday following another record day on Wall Street as investor optimism bounced back quickly after the Italian referendum. Japan’s benchmark Nikkei 225 index climbed 0.5 percent to 18,360.54
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