CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
US English

Business News: Goldman (GS) cuts S&P outlook, Ukraine stress

By Jenny McCall

13:49, 14 February 2022

S&P 500 spelt out on angled screen
Goldman Sachs (GS) cuts its S&P forecast to below the 5,000 mark – Photo: Shutterstock.

Key Points

Rising inflation has caused Goldman Sachs to cut its forecast for the S&P 500 to below the 5,000 mark, according to a report by Reuters. The index opened today at 4,412.61.

Tomorrow (Tuesday 15 February), the UK will welcome key employment data for the three months to the end of December.

Geopolitical tensions with Russia and Ukraine are causing concern for global markets.

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Other significant business and economic news

Coinbase Global opened lower in US trading. The cryptocurrency exchange company’s app crashed due to a surge in demand after its Super Bowl advertisement.

Markets today

  • Stocks: European stocks were down today. The FTSE 100 fell due to geopolitical tensions between Ukraine and Russia.
  • Oil: Oil prices are down slightly as Ukraine hinted at concessions to Russia.
  • Gold: Gold prices eased. Gold is often seen as a safe haven asset.
  • Forex: The US dollar advanced as the Ukraine/Russia crisis boosted the currency and lessened the appeal of the bullion.
  • Crypto: bitcoin fell today by 0.15% and ethereum was down by 0.47%

What to watch this week

  • On Wednesday, the UK will publish inflation data for January.

Markets in this article

BCH/USD
Bitcoin Cash / USD
509.60 USD
22 +4.540%
COIN
Coinbase Global Inc (Extended Hours)
227.43 USD
18.49 +8.930%
ETH/USD
Ethereum / USD
3654.56 USD
551.39 +17.930%
Gold
Gold
2430.42 USD
11.59 +0.480%
US500
US 500
5310.5 USD
5.9 +0.110%

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Related reading

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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