GBP crashes to 2-year low
The British Pound fell on Friday and continued to fall this morning, reaching price levels not seen in two years, after Friday’s GDP report for Q2 of 2019 was the worst since 2012 . The GBP has been under a lot of pressure of late, as uncertainty surrounding Brexit and Prime Minister Boris Johnson taking office added to the currency’s volatility.
Today’s highlights: Trump’s tweet escalates trade war
- Trade war fears weigh on Wall Street: After President Trump took to Twitter on Friday, saying he’s “not doing anything yet” about a trade deal with China, US markets finished lower, as both the DJ30 and SPX500 registered losses. Tech continued to show declines, as Apple, Facebook, Amazon and Google all registered losses of 1.2% or more, causing the NSDQ100 to slip 1%.
- Cryptos show slight recovery after weekend dip: After showing strong performance last week, the crypto market fell on Saturday. However, over the past 24 hours, all top 10 cryptos showed a recovery. At the time of writing, Bitcoin was up around 0.3%, trading below the $11,500 mark. Bitcoin Cash led the top 10 with gains of more than 5%.
Stocks earnings releases on 12/08/2019
Stocks earnings releases on 13/08/2019
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
12/08/2019 appeared first on eToro.