Wall Street climbs as Fed hints at rate cut
US markets continued to climb yesterday, as the DJ30, SPX500 and NSDQ100 all closed higher. The Federal Open Market Committee (FOMC) left rates unchanged yesterday, however, Fed Chair Jerome Powell hinted that a rate cut is possible later this year. Microsoft continued to climb, further adding to its all-time high and remaining the only company on Wall Street with a market cap of more than $1 trillion.
Today’s highlights: Global markets mostly higher
- Rate decision expected in the UK: The Bank of England will be announcing its rate decision today at 11:00 GMT. Later, at 20:00 GMT, ECB Governor Mark Carney will be speaking at the Mansion House dinner, in London. Both the rate decision and Carney’s words could impact the GBP and other key financial instruments in the UK.
- Slack expected to go public today: Slack, maker of the popular messaging platform for organizations, is expected to go public today on the NYSE via direct listing, at a valuation of around $16 billion. The Slack stock, to be traded under the ticker symbol WORK, will be available on eToro soon after the listing at the first available market price.
Stocks earnings releases on 20/06/19
Stocks earnings releases on 21/06/19
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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20/06/2019 appeared first on eToro.