Job data to impact markets today
The ongoing volatility in US markets, created by trade disputes with China and Mexico, could be amplified today with the release of the Non-Farm Payroll report at 12:30 GMT. At the same time, Average Hourly Earnings and Unemployment Rate reports will be released. The data could have a significant impact on US markets, as it is considered a key indicator of the economy’s overall health.
Today’s highlights: Global markets seen higher
- Wall Street closes higher: Mexico and the US resumed trade negotiations yesterday, having a positive impact on US markets. The DJ30, NSDQ100 and SPX500 all closed higher. The food and drink sector showed strong gains, with new all-time highs registered by Coca Cola, Starbucks, PepsiCo, McDonald’s and Beyond Meat, which surged 14% after-hours following positive results on its first-ever Earnings report. On eToro, investors can receive exposure to the food and drink sector through the FoodDrink CopyPortfolio.
- Cryptocurrency market stagnant: After seesawing throughout the week, the cryptocurrency market showed relatively lower volatility over the past 24 hours, as 6 of the top 10 cryptos registered price movements lower than 1%. At the time of writing, Bitcoin was seen slightly lower, still holding above the $7,800 mark.
- AMD continues to climb: The chipmaker is having a stellar week, continuing to go up in value after unveiling a new microprocessor on Sunday, closing more than 7.8% higher yesterday.
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.
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