👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

BoJo Wins A Brexit Battle, But Will He Win The War?

Published 10/08/2019, 01:27 AM
Updated 07/18/2024, 03:38 AM
EUR/USD
-
USD/CHF
-
AUD/USD
-
GE
-
DX
-
XLP
-
XLC
-
UBER
-
SDCCQ
-
Daily % Candles

  • A Scottish court ruled that UK PM Boris Johnson will not be forced to order a Brexit extension under the Benn Act – see our analysis of the decision and the key Brexit dates to watch in the coming weeks
  • China is reportedly ready to sign a limited trade deal with the US, but refuses to discuss intellectual property concerns, a key US demand. Separately, President Trump signed a trade deal with Japan.
  • FX: The Swiss franc was the strongest major currency on the day, while the risk-sensitive Aussie brought up the rear. The Swedish krona broke sharply lower against both the US dollar and the euro as traders soured on their hawkish outlook for the Riksbank.
  • Commodities: Gold shed -1% on the day; oil ticked slightly higher.
  • See the key economic reports and market trends we’ll be watching in the coming week
  • US Cash Indices % Change

  • US indices closed marginally lower in a day of choppy, headline-driven trade.
  • Communications Services stocks (XLC) were the strongest sector on the day. Consumer Staples (XLP) brought up the rear.
  • Stocks on the move:

  • General Electric Company (NYSE:GE) traded flat after announcing it would freeze pensions for 20k workers.
  • Uber (NYSE:UBER) rallied 3% after analysts at Citi upgraded their outlook for the ride-sharing platform.
  • Recent IPO SmileDirectClub (SDC) dropped -8% in follow-through selling after Friday’s critical report from prominent short seller Hindenburg Research.
  • Economic Calendar

    Original Post

    Latest comments

    Loading next article…
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.