The markets are mixed today with Asian markets all swept into the red, US key bourses joining them and European markets striking and upbeat.
Euro Area producer price index, US job cuts, German factory orders and Consumer Price Index, France, and Italy construction PMI expected today.
Precious metals extended loses into another session while oil joins them down about 0.2% with natural gas up 0.7%.
Cryptocurrency prices fell due to rising uncertainty and aggressive policy action by the US Federal Reserve.
Top business and economic news today
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US balance of trade expected to plunge deeper into the red, seen between -$67.1bn and -$77.1bn.
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US Treasury bond yields surges in trade today pushing the greenback down.
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Investors rush out of US tech stocks causing market rotation, interest rates fears propel sell-off of bonds.
Markets today:
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Stocks: All Asian bourses and all key US indices including the Dow and S&P lose today while Europeean stocks gain, with FTSE up 0.16%
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Gold and oil: Gold and silver trade in the red today with the yellow metal losing over 0.8% and its silver counterpart losing 1.97%.
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Forex: US dollar retreats due to agressively rising treasury bond yields, risk mood to drive markets as US weekly jobless claims set to release today.
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Crypto: Bitcoin slumped about 6.43% lower than its price 24 hours ago and its market value plummeted to $815bn while trade volume leaped to $1.93bn.
What to watch today:
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German Consumer Price Inflation expected to be softer: The European Union’s largest economy’s Consumer Price Index for December is estimated to be at 5.1%, a step down from 5.2% last month.
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US initial jobless claims: Expected to be softer.
- Euro Area construction PMI estimated to be strong.
- Italy construction PMI estimated to go up.
- German construction PMI seen soft.
- British new car sales expected to drop.
- Euro Area Producer Price Index expected to jump to 5.4% from 1.2%.
Stock market indices around the world
Europe
US
Read more: US market close: All eyes on Fed as US stocks lower
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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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