NFP report coming today
The Non-Farm Payroll report will be released in the US today at 12:30 GMT, alongside the Average Hourly Earnings and Unemployment Rate reports. The job data could potentially generate volatility in market, as it is considered a key indicator of the overall health of the economy. Later, at 14:30 GMT, the ISM Non-Manufacturing PMI report will be released, potentially generating volatility for the USD.
Today’s highlights: Bitcoin crosses $5,500
- Tesla rises on driverless cars promise: Elon Musk yesterday told investors that the company’s autonomous car efforts will make Tesla a $500 billion company, after announcing that the company is planning to raise $2 billion from investors. The TSLA stock finished 4.3% higher. On eToro, investors can gain exposure to the self-driving car market through the Driverless CopyPortfolio.
- Beyond Meat surges 163%: In what is considered the best IPO in 2019 so far, vegan products company Beyond Meat yesterday closed 163% higher than its original offering price. The BYND stock will be available on eToro next week.
Stocks earnings releases on 06/05/2019
Earnings season continues: 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.
The post eToro Daily Update
03/05/2019 appeared first on eToro.