Trade.com Share Weekly Review

Trade.com Share Weekly Review

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CFD trading platform, Trade.com have released their weekly review about the world’s markets.

This weekly review from Trade.com will not make happy reading for many investors after drops seen on the US market yesterday that caused many stock listings to drop in value. It also includes news from the FOMC meeting where it was announced interest rates would not be increased. However, the list of their updates also includes poor market performances seen in the UK too. 

The full list is as follows:

• The drops we have seen all week intensified yesterday, with US equities hit hard on fears of a second wave of coronavirus.

• A tough week for the UK with a bearish economic picture. GDP for April hit a record -20.4%. Manufacturing data disappointed too with manufacturing production (-24.3%), industrial production (-20.3%), and construction output (-40.1%) wrecked in April.

• In this week’s FOMC meeting, U.S. Federal Reserve announced that it has no intention to raise interest rates, which stand near zero, until at least 2022.

If you want to partake in trading behaviour reflective of these market changes, then you can go to Trade.com where it will be possible to do this now.

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