Jump to content

Top 5 things to know today 11/01/2016


Guest FoxTrader

Recommended Posts

Guest FoxTrader

From Investing.com

 

1. China stocks plunge again

Chinese stocks markets plunged again on Monday, with the Shanghai Composite Indexand the CSI300 Index both closing down more than 5% despite efforts by Beijing to stabilize the market.

Last week, the Shanghai Composite lost all of its 2015 gains, falling by 10% in just five days.

The rest of Asia also closed down, with markets in Australia and Hong Kong both closing deep in the red.

 

2. Europe and U.S. markets look to shake off latest slide in China

European stocks saw a more steady start on Monday, with Germany’s DAX gaining ground as investors chose to ignore the downward trend in Asia and ongoing concerns over Chinese growth.

Elsewhere, U.S. stock futures were up between 0.2% and 0.4%, suggesting a strong open on Wall Street later in the day after stocks closed out their worst start to the year ever on Friday.

 

3. Oil swings lower on fresh worries

Oil prices held near the lowest levels in more than a decade on Monday, as further turmoil in the Chinese stock market added to concerns over the Asian nation’s economy.

China is the world's second largest oil consumer after the U.S. and has been the engine of strengthening demand.

Brent was last down 78 cents, or 2.3%, at $33.15, as of 11:15 GMT, or 6:15AM ET, whileU.S. crude fell 67 cents, or 2.02%, to $32.49.

 

4. Copper sinks to 6-1/2 year lows

Copper futures tumbled to the lowest level since April 2009 on Monday, as investors continued to focus on the deteriorating outlook for China and its impact on future demand prospects.

The Asian nation is the world’s largest copper consumer, accounting for nearly 45% of world consumption.

 

5. Alcoa (N:AA) unofficially kicks off Q4 earnings season

This week marks the start of fourth-quarter earnings season. 11 S&P-listed companies and two Dow components are set to report this week, with earnings ramping up the following week.

Alcoa will report after the market closes on Monday, in what is expected to be its worst quarterly results since early 2014.

JPMorgan Chase (N:JPM), Wells Fargo (N:WFC), Citigroup (N:C) and Intel (O:INTC) are scheduled to report results at the end of the week.

 

Happy days

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Launchpool should be the most common but I feel POOLx is more innovative earning product on Bitget. The idea of staking  your assets at a higher APR  to mine newly launched tokens is a good earning opportunity that i think is not common in other platform but would wish other CEXes would emulate such concept.
    • Centralized exchanges are often more popular than decentralized exchanges due to their user-friendly interfaces, ease of use, and protection against scams that can occur when interacting with various dApps on decentralized platforms. Navigating decentralized exchanges (DEXs) can be complex, which adds to the appeal of centralized alternatives. While DEXs offer several ways to earn passive income, such as staking, centralized exchanges have also introduced various opportunities for users to earn in a simpler and more straightforward manner. Some notable products that have proven efficient and beneficial for users include Launchpool, PoolX, Shark Fin, Range Sniper, Dual Investment, and others. Personally, I favor PoolX and Launchpool because they provide rewards on an hourly basis and the entry barrier is quite low for everyone to take advantage of. Shark Fin, Smart Trend, Range Sniper, and Dual Investment cater to investors with different investment goals and risk management preferences. One reason I particularly like Shark Fin is that it guarantees investors' capital while offering significant returns. All these products are available on the Bitget exchange, providing users with opportunities to earn passive income, especially in uncertain market conditions. I am interested in learning about other products you guys use to earn more crypto on centralized exchanges. Let's discuss
    • Hello IG Team @KoketsoIG Could you please provide a definitive update on the status of the TradingView integration? Many of us have been eagerly awaiting this feature for nearly two years, and it’s becoming increasingly frustrating to not have a clear timeline or concrete information. Many users have already expressed their concerns and the inconvenience of having to switch between brokers due to the lack of this integration. This delay has even caused some of us to move parts of our trading activities to other platforms that offer seamless TradingView integration. We understand that technical challenges can arise, but considering the significant time that has passed and the fact that smaller brokers have managed to implement this feature, it's perplexing why a company of IG’s stature is still unable to provide it. If there are specific technical hurdles or a projected timeline, we would appreciate transparency on these matters. The ability to trade directly from TradingView charts is a crucial feature for many of us, as it significantly enhances our trading efficiency and overall user experience. If this integration is not feasible in the near future, could you kindly inform us so we can make informed decisions about our trading strategies and platforms?  
×
×
  • Create New...
us