Wall Street closes higher as trade deal hope rekindled
After both sides of the US-China trade war yesterday expressed a willingness to ease tensions, US markets had a positive reaction, as the DJ30, SPX500 and NSDQ100 closed higher. The tech sector showed impressive gains, with Amazon, Facebook and Google closing more than 1% higher and Netflix rising more than 3%.
Today’s highlights: ECB to announce rates today
- Cryptocurrencies show moderate losses: The crypto market remained on its negative trajectory over the past 24 hours, as 9 of the top 10 cryptos registered losses. However, many of the losses were relatively small, with 5 top 10 cryptos losing less than 1% as of the time of writing. Bitcoin was down about 0.6%, still trading below the $3,500 mark. The exception was EOS, which climbed nearly 3%.
- ECB rate decision coming today: The European Central Bank will be announcing its rate decision today at 12:45 GMT, followed by a press conference with ECB President Mario Draghi at 13:30 GMT. The decision could impact the Euro and other European financial instruments.
- May wins confidence vote: British Prime Minister has won the vote of no confidence, as the majority of parliament members yesterday voted to express confidence in her. After winning the vote, the GBP jumped 1%.
Stocks earnings releases on 13/12/2018
Earnings season coming to a close: The last round of earnings report will be released over the next few weeks towards the end of the year. To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.