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74.91% of retail investor accounts lose money when trading CFDs with this provider.

Global market captured by US-China deal optimism

Global market captured by US-China deal optimism

Fri, 11/29/2019 - 14:40

At the beginning of the week, US company shares hit a high amid optimism regarding a trade deal with China. After China announced its intention to strengthen the protection of intellectual property rights, the S&P 500 and Nasdaq Composite indices reached a historic maximum. World stocks followed that trend, reaching the highest levels in the last two years.
The US dollar and Chinese yuan reacted positively to the news events as well. The US dollar shot up to a 2-week high against the yen (109.205), though the increase somewhat lessened later to 108.94.

Global market captured by US-China deal optimism
Since the US and China are the largest oil consumers, the prospective conclusion of a trade agreement between them also provoked a slight increase in oil prices; Brent rose above $64. The same optimism led to a logical fall in gold prices, depressing the safe assets market. 
The debut session of Alibaba shares in Hong Kong ended in success with their price increasing by 6.6% within the session. The total worth of shares traded reached $1,78 billion, which makes it the third-biggest debut on the Hong Kong market.
Meanwhile, the news from China, while having a significant impact in the field, had a negative effect on cryptocurrencies. After harsh criticism of digital currencies on the official channel of the Communist Party of China, the price of bitcoin fell below $7,000 which, in turn, led to a decline in altcoin prices. The correction that followed got the price back in the range of $7,000-7,500, and it is still at this level.

Global market captured by US-China deal optimism
As you can see, the market provides many opportunities to trade on its fluctuations. However, it requires both knowledge and the appropriate working tools. One of the tools to mention is the Libertex trading and investment platform. The mobile version of the platform, both for Android and iOS, gives you the opportunity to respond immediately to fast-changing market situations, such as the ones we are currently observing. The selection of trading assets on the platform includes all of the ones that are considered the most popular: stocks, indices, currencies, and cryptocurrencies, oil, etc. The platform has a simple and user-friendly interface, as well as a high usability trading chart with a wide variety of instruments. Additionally, the platform is adapted for newbies, containing video tutorials, as well as a demo account for safe trading training and improving trading strategy. You can also make use of news feeds and trading signals, which make it easier to hunt down the best trading opportunities.
Thus Libertex platform is particularly suited to both newcomers and experienced investors and traders, who are looking for an easy-to-use and profitable working tool.