• Analytics
  • Market analysis
  • Market Opinions
  • Stocks Decline on Monday as Sentiment Worsens
Market Overview
19.11.2018, 15:13

Stocks Decline on Monday as Sentiment Worsens

Stocks dropped on Monday and the EU indices were 0.5 – 0.7% lower, excluding the FTSE 100 index, which was still 0.25% higher, mainly due to the optimism about the Brexit deal. The US indices opened 0.5% lower and continued to decline during the US session.

The worst sector was semiconductors as NVIDIA cratered another 8% after weak results and lowered guidance and the stock is now down 50% from its October highs. The technology Nasdaq index lost nearly 2% on Monday.

There were no major macro updates today, but the FX market was not calm at all. The commodity currencies dropped against the US dollar, but this looks like a small correction of previous gains, while the Euro, Pound and Yen were trading stronger against the greenback.

US yields were also seen higher, but well off the daily lows reached during the London session.

Commodities slumped, with oil losing another 3% to trade near the 55 USD for the WTI benchmark, while gold, silver and copper were seen marginally lower on the day.

Disclaimer:

Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.

© 2000-2020. 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 information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location