Wall Street continues to recover
After showing significant losses on Monday, US Markets climbed for the second session in a row yesterday, as the DJ30, SPX500 and NSDQ100 all closed higher. The recent gains are attributed to hopes that the Fed will cut rates later this year.
Today’s highlights: Cryptos show recovery
- Rate decision coming in Europe: The European Central Bank will announce rates today at 11:45 GMT, followed by a press conference with ECB President Mario Draghi at 12:30 GMT. The decision could impact the Euro and other key financial instruments in Europe.
- Cryptos show slight recovery: The crypto market was seen higher over the past 24 hours, as 8 of the top 10 cryptos registered gain. At the time of writing, Bitcoin was up less than 0.5%, still holding above the $7,800 mark. The largest gains were registered by Binance Coin, which was up more than 6%.
- Gamestop freefalls 35%: The video game retail giant reported disappointing earnings earlier this week, causing its stock to tumble. Yesterday, the negative trend continued, as the stock crashed 35%.
Stocks earnings releases on 06/06/2019
Stocks earnings releases on 07/06/2019
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.
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06/06/2019 appeared first on eToro.