CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
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    Business News: Apple vaults to $3trn, Europe data expected today

    By Hanna Paul


    Updated

    Apple logo
    Apple becomes first $3trn company – Photo: Shutterstock

    Markets are upbeat today, the second financial day of the new year, even though the coronavirus variant Omicron is raging throughout the world.

    UK’s Bank of England announces consumer credit data today along with Australian commodity prices, German retail sales, French inflation rate, Spanish unemployment change and US Organization of the Petroleum Exporting Countries meet.

    Precious metals crowd the green.

    Bitcoin loses while other alt-coins look cheery.

    Global politics and trade

    Theranos founder Elizabeth Holmes found guilty of conspiracy and fraud against investors in one of Silicon Valley’s biggest cases involving wire fraud.

    Top business and economic news today

    Apple becomes first company in the world to cross the $1trn market capitalisation.

    Silver

    31.37 Price
    +1.800% 1D Chg, %
    Long position overnight fee -0.0176%
    Short position overnight fee 0.0093%
    Overnight fee time 22:00 (UTC)
    Spread 0.040

    Natural Gas

    3.28 Price
    -6.820% 1D Chg, %
    Long position overnight fee -0.1931%
    Short position overnight fee 0.1712%
    Overnight fee time 22:00 (UTC)
    Spread 0.0050

    Oil - Crude

    71.14 Price
    +1.460% 1D Chg, %
    Long position overnight fee 0.0077%
    Short position overnight fee -0.0296%
    Overnight fee time 22:00 (UTC)
    Spread 0.030

    Oil - Brent

    74.67 Price
    +1.010% 1D Chg, %
    Long position overnight fee 0.0125%
    Short position overnight fee -0.0345%
    Overnight fee time 22:00 (UTC)
    Spread 0.045

    Markets today:

    • Stocks: In Asia, all bourses crowded the green except Chinese indices waiting for Caixin Manufacturing PMI data.
    • Oil: Oil prices up along with natural gas.
    • Gold: Gold and silver trade in the green today.
    • Forex: US dollar capitalises on rising yields.
    • Crypto: Six out of top 10 traded in green while bitcoin, solana loses.

    What to watch today:

    • German retail sales expected to seep deeper into red: European Union’s biggest economy’s retail sales expected -0.5%.

    • Italy’s consumer price index: Expected to be stumble into the red.

    • Switzerland’s consumer price index: Expected to be a notch higher.
    • Spain unemployment change
    • British consumer credit
    • MillerKnoll earnings: 0.558% expected

    Stock index movement around the world 

    Index

    Country

    Change

    % Change

    Level

    Australia ASX All Ordinaries

    Australia

    +147.60

    +1.90%

    7,926.80

    Shanghai SE Composite Index

    China

    -9.68

    -0.27%

    3,630.09

    Hang Seng

    Hong Kong

    -15.30

    -0.07%

    23,259.45

    Mumbai Sensex

    India

    +339.01

    +0.57%

    59,522.23

    Nikkei 225

    Japan

    +510.08

    +1.77%

    29,301.79

    Taiwan TSEC 50 Index

    Taiwan

    +255.84

    +1.40%

    18,526.35

     

    Europe

    Index

    Country

    Change

    % Change

    Level

    FTSE 100

    England

    -18.47

    -0.25%

    7,384.54

    Euronext 100

    Europe

    +10.37

    +0.76%

    1,372.06

    CAC 40

    France

    +64.19

    +0.90%

    7,217.22

    DAX

    Germany

    +135.87

    +0.86%

    16,020.73

    Swiss Market Index

    Switzerland

    +63.51

    +0.49%

    12,939.17

    US

    Index

    Country

    Change

    % Change

    Level

    Dow Jones Industrial Average

    United States

    +246.76

    +0.68%

    36,585.06

    S&P 500 INDEX

    United States

    +30.38

    +0.64%

    4,796.56

    Brazil Bovespa Stock Index

    Brazil

    -900.85

    -0.86%

    103,921.59

    Canada S&P/TSX 60

    Canada

    -5.48

    -0.42%

    1,286.98

    Santiago Index IPSA

    Chile

    +1.20

    +0.03%

    4,301.32

    IPC

    Mexico

    -331.43

    -0.62%

    52,941.01

     

    Read more: Three biotech launches set to reignite tepid IPO sector

    Related topics

    #Cryptocurrency #Commodity

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    The difference between trading assets and CFDs
    The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
    You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
    CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
    CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
    Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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