Job data to impact markets today
The monthly Non-Farm Payroll report will be released in the US at 13:30 GMT, alongside the Unemployment Rate and Average Hourly Earnings reports. The data released could have a significant impact on the USD and other major financial instruments in the US. Job data will also be released in Canada at the same time, generating potential volatility for the CAD.
Today’s highlights: ECB forecast and China trade data push markets down
- Wall Street registers 4-day losing streak: US markets finished lower yesterday, as the DJ30, SPX500 and NSDQ100 all finished in the red. The losses are attributed to the ECB projecting lower-than-expected growth for Europe. The tech sector underperformed, with Amazon falling more than 2.5%, Facebook losing nearly 2% and Google, Apple and Microsoft each falling more than 1%.
- Asian markets registered significant losses: Following the losses on Wall Street and China reporting lower-than-expected trade data, markets in the East registered noticeable gains today. At the time of writing, the China50 index was down more than 2.5%, the JPN225 fell more than 2% and the HKG50 dropped more than 1.5%.
Happy International Women’s Day!
Here at eToro, we cherish our female traders and seek to empower them by giving them the opportunity to take their financial future into their own hands. In a recent blog post we asked: “Why aren’t there more female traders?” read more here.
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
08/03/2019 appeared first on eToro.