Wall Street lifted by Fed minutes
Minutes from last month’s Federal Open Market Committee meeting were released yesterday, indicating that the majority of committee members do not wish to change rates this year, while still leaving the possibility for a hike if the economy improves. Following the release, the SPX500 and NSDQ100 closed higher, joined by the DJ30, which eked out small gains. Several stocks reached new all-time highs yesterday, including PayPal and Starbucks.
Today’s highlights: Brexit deadline extended by 6 months
- EU and UK agree on Brexit extension: Prime Minister Theresa May breathed a sigh of relief, as members of the EU have agreed to extend the deadline for the UK leaving the Union until October 31st. The extension should give May ample time to come up with a new Brexit deal, in an attempt to appease all parties involved.
- Cryptos show correction: The cryptocurrency market was seen lower over the past 24 hours, as the majority of cryptos were in the red at the time of writing. Bitcoin was down around 0.6%, hovering around the $5,200 mark. Other top 10 cryptos showed larger gains, led by Bitcoin Cash, which declined more than 6%.
- Indivior crashes 70%: The UK-based pharmaceutical company registered dramatic losses yesterday, as its stock tumbled more than 70% to an all-time low. The declines came following news that the company is facing indictment, due to alleged fraud aimed at boosting sales of its Suboxone Film opioid-addiction treatment.
Stocks earnings releases on 12/04/2019
Earnings season begins today: Publicly traded companies will begin sharing their earnings reports for Q1 of 2019 today. To follow upcoming earnings reports, check out the eToro Earnings 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
11/04/2019 appeared first on eToro.