Market News & Analysis
FTSE lower as protests, Wall Street weigh
Fiona Cincotta June 12, 2019 8:56 PM
Hopes that the US and China would reach a trade deal before the summer holidays were doused by comments from President Trump who said that there would be no deal unless China sticks to the promises it made in earlier negotiations.
Sterling steady in eye of the no-deal storm
Currency traders are trying to work out what is happening with the Tory leadership contest as Boris Johnson launches a campaign promising a definite Brexit on 31 October.
Opposition is already building not only from politicians but industry leaders who see a no-deal Brexit as the worst case outcome. The pound has notched marginally higher against the dollar and the euro, waiting for a clearer signal.
The dollar is struggling to hold its ground and has slipped close to a three month low, still under pressure from the possible Fed rate cuts debated at the central bank’s last session.
Oil slips as trade frictions persist
No signs of an improvement in the Sino-US frictions are keeping oil prices under pressure. Brent dropped more than 2% on lack of signs of a deal and protests in Hong Kong.
Please note these products may not be available to trade in all regions.
From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.