In a global market wrap, analysts at ANZ explained that Tech stocks (Facebook -20%) hurt the NASDAQ (-1.1%) while industrials lifted the Dow (+0.5%). Key Quotes: “The S&P 500 hedged its bets (-0.2%).” “The treasury curve is a little flatter and the USD strengthened across the board. Commodities are mixed. European bourses rose, led by Germany (+1.8%) on the back of the Trump-Juncker agreement.” “Facebook fell 20% overnight on a disappointing earnings outlook, erasing over USD120bn in market cap – more than the market cap of IBM, McDonalds or Nike. It is the largest single-day, single-stock market cap drop in US history. The US 2-year yield rose 1bp with the 10-year unchanged.” “The USD strengthened against the G10 with CAD outperforming.” “AUD and NZD underperformed. Oil rose on geopolitical risks, with WTI for near-term delivery up 0.5% at USD69.6/bbl. At the time of writing gold is down 0.6% to USD1224/oz.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Wall Street closes mixed as tech fall offsets trade optimism FX Street 5 years In a global market wrap, analysts at ANZ explained that Tech stocks (Facebook -20%) hurt the NASDAQ (-1.1%) while industrials lifted the Dow (+0.5%). Key Quotes: "The S&P 500 hedged its bets (-0.2%)." "The treasury curve is a little flatter and the USD strengthened across the board. Commodities are mixed. European bourses rose, led by Germany (+1.8%) on the back of the Trump-Juncker agreement." "Facebook fell 20% overnight on a disappointing earnings outlook, erasing over USD120bn in market cap - more than the market cap of IBM, McDonalds or Nike. It is the largest single-day, single-stock market cap drop… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
