Market Overview

21 May 2019 09:04

Maria Gregoriou

The Reserve Bank of Australia’s (RBA) Governor, Philip Lowe gave a speech about the economic outlook and monetary policy to the Economic Society of Australia today, after the RBA released its latest meeting minutes. The highlight of the speech was a suggestion that the bank could consider easing monetary policy at next month’s meeting in order to drive faster hiring and take unemployment below five per cent. Lowe mentioned in his speech that “the Australian economy can support an unemployment rate of below five percent without raising inflation concerns.
17 May 2019 07:30

Maria Gregoriou

All eyes are on Britain again as yesterday Theresa May was forced by her own party to agree on when her time as prime minister would be up. As a result of this and doubts that Britain will leave the European Union with a no deal, the Pound had its longest slide since 2000 yesterday. May had already agreed to step down as the country’s leader if her Brexit plan was accepted but now, after a long meeting with the most powerful members of Parliament in her Conservative Party, she has been forced to set a timeline for her exit.
16 May 2019 08:22

Maria Gregoriou

Stocks saw a rise yesterday after U.S President Donald Trump decided to delay imposing tariffs on auto imports for a period that could go up to six months. As reports started coming in that the tariffs of as high as 25 percent on cars could be stalled and US Treasury secretary Steven Mnuchin’s stated that he thinks “we are close to an understanding with Mexico and Canada,” stocks were sent into the green. According to Yahoo Finance, the S&P 500 rose 0.58 percent towards the end of market close and the Dow rose 9.45 percent and Nasdaq advanced by 1.13 percent.
15 May 2019 07:06

Maria Gregoriou

British Prime Minister Theresa May is planning to take the withdrawal agreement bill to MPs to vote on at the beginning of June. According to Downing Street, this plan will go through even if Labour and the government fail to reach a deal until then.
14 May 2019 08:32

Maria Gregoriou

According to one of the government’s main indicators, Japan’s economy is deteriorating for the first time in six years. The index shows that economic conditions fell 0.9 percent from February to March, thus statisticians now claim that the economy is worsening rather than weakening. This is the bottom grade that is used to describe an economy. The last time such a grade was given to Japan’s economy was in 2013. The reasons behind this downfall in the economy are the trade war between China and the U.
10 May 2019 07:51

Maria Gregoriou

U.S President Donald Trump raised tariffs on $200 billion worth of Chinese imports, taking tariffs from ten percent to 25 percent overnight. China reacted by stating that it will have to take necessary countermeasures after this development. China’s Ministry of Commerce added that “we hope the United States will meet us halfway, and work with us to resolve existing issues through cooperation and consultation.” The news comes with the assumption that U.S businesses will feel the effects of the rise in tariffs.
9 May 2019 08:50

Maria Gregoriou

After the U.S. President Donald Trump commented on trade talks with China at a campaign rally that “China broke the deal” U.S. stock futures dropped as much as 0.7 percent. These comments, along with Trump stating that “they can’t do that so they will be paying,” also caused Asia stocks to fall and the Yan to strengthen by 0.2 percent against the Dollar. According to Reuters, the South Kospi dropped 3.4 percent to close at 2,102.01, which is its biggest one-day percentage loss since mid-October 2018. Also, Japan’s Topix dropped 1.
8 May 2019 10:46

Maria Gregoriou

The European Commission released its Spring 2019 Economic Forecast today, stating that growth in the European economy may continue at a more moderate pace. This continuation of growth is expected for a seventh year in a row as real GDP is expected to grow in all EU Member States. Even though there is uncertainty on a global scale, the domestic tendencies are expected to support the European economy and growth may gather speed in 2020.
7 May 2019 08:32

Maria Gregoriou

The UK government will meet with the Labour party today to define how Brexit will progress. According to Foreign Secretary Jeremy Hunt, the talks may bring about compromise even though he does not personally favour a long-term customs union This could mean that the compromise would be to put a customs union in place short-term. These compromises may be essential, otherwise, a general election or a second referendum becomes more of a probability.
3 May 2019 09:04

Maria Gregoriou

The global food chain is being shaken by a pig virus, African swine fever, that started to kill off pigs in China last summer and has now spread to Mongolia, Vietnam and Cambodia. This has sent a shock wave through the global food chain with the strengthening of the global meat market and the rising of prices. The fact that the African swine fever hit China first and is continuing to kill off pigs there is a significant factor to the meat industry, as China farms more than half of the world’s pig population.
Market Focus
  • Eurozone annual inflation up to 1.7% in March
  • China's central bank will not let yuan decline past 7 to the dollar - sources
  • European car sales drop in April for 8th straight month - ACEA
  • BOJ Governor Kuroda: BOJ may keep low rates well over year, dismisses debt monetisation

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

Open Demo Account
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.
37 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.

© 2000-2019. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The Teletrade brand is also represented in Europe as TeleTrade-DJ International Consulting Ltd that is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The information on this website is for informational purposes only and does not constitute any investment advice.