Wednesday Market Recap

02:09, 11 October 2019

Signs of food faith from China ahead of trade negotiations ease some market pressure

Markets have oscillated back and forth this week, in an attempt to make sense which way trade negotiations are headed.

 Tensions eased on Wednesday as China announced openness to a partial trade deal with Washington. The deal would entail an increase in agricultural goods imports from the US.

The trade talks in Washington start Thursday and are scheduled to last until Friday. 

In Europe, despite facing tighter regulation, GVC was lifted by news that its Q3 gambling revenue increased 12%. Its share value increased Wednesday by 2.87% and so far, the bookmaker looks on track for its 3rd consecutive month of gains. 

In a strategic decision to avoid trade war uncertainty, Fitbit announced its decision to search suppliers outside of China and registered a modest uptick in morning trading in the US. 


In September Netflix marked its third consecutive monthly decline, sliding 27.45%. Starting this autumn, the company must compete with rivals which offer lower subscription plans. 

 Disney is set to launch a new streaming service mid-November, with a monthly cost of $6.99. 

Apple will offer its clients a $4.99 monthly streaming subscription starting November 1. 

 Monness Crespi Hardt lowered its target price for the media giant shares from $440 to $340 and Netflix shares closed lower by -1.19%. 

Despite being upgraded to ‘’buy’’ by Citigroup, Uber lost early Monday gains. The ride sharing giant lost -4.66% Monday through Wednesday. 

While some companies stumbled, the broader markets sighed in relief. Compared to the trade war negotiations posturing coming on Monday from Washington and Beijing, investors seemed more optimistic about the prospects of a trade deal. US indices closed higher, Dow Jones +0.09% and S&P 500 +0.25%. 

Eurostoxx 50 +0.72%, DAX +0.82% and FTSE 0.53% also edged higher by the end of the day, despite lingering Brexit uncertainty. In Asia, Hang Seng was up by 0.33% and Nikkei 225 advanced by 0.39%. 


Sources: investing.com, marketwatch.com, 

The information presented herein does not constitute and does not intend to constitute Investment Advice. The information contained herewith is a compilation of public stock recommendations issued by various financial analysts and organized in an easily presentable format, for information purposes only. Key Way Investments Ltd does not influence nor has any input in formulating the information contained herein. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation. Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. Users/readers should also consider the risk of encountering significant losses when trading CFDs. Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results. HIGH-RISK INVESTMENT WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.32% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Why Capex.com?

There’s more than one reason why we were voted as the Fastest Growing Provider in Forex...

  • CAPEX is a fully regulated broker. We’re licensed by CySEC and registered by multiple finance entities around the globe.

  • We put safety first! Our security systems and measures are designed to keep your data and funds safe at all times.

  • Our trading conditions are second to none! Competitive spreads, fast execution and price transparency at all times.

  • Trade over 2,100 CFDs (Contracts For Difference), from Forex and Indices to ETFs, Commodities and Cryptocurrencies!

Get a Call from CAPEX