Global Stock Markets Rattled by Trade War Fears

Global stock markets fell on Tuesday as fears of a trade war escalate rattling markets.

U.S. President Donald Trump latest threats to impose $200 billion worth of imports on Chinese goods sparked the volatility sending the Dow Jones Industrial Average back into negative territory.

Escalating Fears of Trade War

According to news reports, President Trump is also ready to impose a further $200 billion if China retaliates. On Friday China imposed tariffs on $50 billion worth of U.S. goods.

Market analyst at Oanda, Craig Erlam said that investors are clearly shaken by the escalation in the recent days and the U.S. stock markets are back to where they were since the start of May.

He also went on to say that Chinese stocks are faring worse than U.S companies, but they could come under more pressure if a solution isn’t found by both sides.

Head of capital markets research at John Hancock Investments in Boston, Emily Roland said that investors are coming to the realisation that the negotiating tactics is more than rhetoric.

Did you know that you can trade a wide range of instruments including cryptocurrencies with one of the most well established forex and CFDs broker 24option?

Trade CFDs

Today, you can trade online with 24option with a choice of more than 150 underlying assets which are composed of commodities, stocks, indices, and currency pairs.

The best part?

Many traders are finding that trading CFDs is their preferred way to trade because of the number of benefits, especially when markets are volatile.

New York – Dow Jones Industrial Average: DOWN 1.15 percent at 24,700.21 falling 287.26 points (close).

New York – S&P 500: DOWN 0.4 percent at 2,762.57 (close) – posting seven new 52 week highs with five new lows. The S&P industrials index suffered its biggest one day percentage drop in two months falling 2.1 percent.

New York – Nasdaq Composite: DOWN 0.3 percent at 7,725.59 dropping 21.44 points (close) – recording 135 new highs and 48 new lows.

The Philadelphia Semiconductor index slipped 1.2 percent.

Russell 2000 index edged up 0.1 percent.

European Markets

London – FTSE 100: DOWN 0.4 percent at 7,603.85.

Frankfurt – DAX 30: DOWN 1.2 percent at 12,677.97.

Paris – CAC 40: DOWN 1.1 percent at 5,390.63.

EURO STOXX 50: DOWN 0.9 percent at 3,435.30.

Asian Markets

Tokyo – Nikkei 225: DOWN 1.8 percent at 22,278.48.

Hong Kong – Hang Seng: DOWN 2.8 percent at 29,468.15.

Shanghai – Composite: DOWN 3.8 percent at 2,907.82.

Currencies

Euro/dollar: slipped at $1.1587 from $1.1623 at 2100 GMT.

Pound/dollar: fell at $1.3178 from $1.3245.

Dollar/yen: fell at 110.04 yen from 110.55 yen.

Commodities

Brent Crude: dropped 26 cents at $75.08 per barrel.

West Texas Intermediate: fell 78 cents at $65.07 per barrel.

Expectations are that OPEC and Russia will reverse their deal that has been in place over the last 18 months at their upcoming meeting on June 22-23 meeting.

The CBOE Volatility Index, was nearly at a three-week high of 14.68 points later dropping to 13.35. (The Index is a gauge on Wall Street’s fears).

The volume on U.S. Exchange was up from 6.95 billion to 7.12 billion shares.

Why does this matter and how can you benefit from CFDs trading?

Contract for difference (CFDs) is the difference between the start of a trade and when you exit the trade and requires signing up with a reputable broker like 24option.

Here’s the deal…………

Leverage, CFDs has become popular because you can trade larger volumes with minimal investment capital, resulting in bigger profits (or losses) in a shorter time period. Plus, with 24option traders can trade with micro lots for as low as 0.01 giving traders the opportunity to invest with lower risks.
With CFDs trading you don’t own the actual asset, you predict or guess the market movements, making it easy to switch back and forth between buying/selling the desired asset, with the ability to go long or short.

That’s not all………………

You can save money on profits, because there are tax exemptions for CFD trading. Yes you heard right, CFD trading is not subject to Stamp Duty or Capital Gains Tax!

Plus, with CFDs trading you can put a stop loss order on your CFD investments. You would do this when you see that the market isn’t going in the direction that you hoped.

Let’s face it, there are many benefits with CFDs trading and choosing the right broker like 24option who offer plenty of perks such as 24/7 trading and customer support, a demo account to practise trades, competitive rates and plenty more, you have a winning combination.

Visit 24option Site

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

Interested to Register with Other Recommended Brokers? Click Here!







Leave a Reply

You must be logged in to post a comment.