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: Markets cheery and in the green for Christmas

    By Hanna Paul


    Updated

    Stock markets green for Christmas
    Stock markets green for Christmas – Photo: Shutterstock

    Stock markets are green today with Christmas cheer, with data releases paused in the Western part of the world so that investors can relax and take in some holiday cheer after another difficult year for the economic markets. 

    Top business and economic news today

    • India’s foreign exchange reserves for November expected today

    • Japan’s core inflation comes in higher than expected: Released by the Bank of Japan, the core inflation increased 0.5% in November 2021, well above 0.1% reported last month and the consensus of 0.4%.

    Markets today

    • Stocks: In Asia, Australia and Taiwan are in the green with other indices wobbling between positive and negative territories early on Christmas Eve. India and Japan expect key data today. Wall Street and Europe in the green with Christmas cheer.
    • Oil: Oil price falls 0.18%
    • Gold: Gold inches up 0.13%
    • Forex: Bullish market mood pushes the greenback down
    • Crypto: Volumes in the global cryptoverse jumped 14.11% while bitcoin rose over 4% today

    What to watch today

    • Medallia earnings: Loss per share of 0.2 cents expected.
    • Other earnings: Other income releases expected today include Raven, Ingless, AMerican Manganese and many smaller stocks like Global Gaming.

    Stock Markets around the world

    Index

    Country

    Change

    % Change

    Level

    FTSE 100

    England

    +31.68

    +0.43%

    7,373.34

    Euronext 100

    Europe

    +13.84

    +1.03%

    1,353.32

    CAC 40

    France

    +54.48

    +0.77%

    7,106.15

    DAX

    Germany

    +162.84

    +1.04%

    15,756.31

    Swiss Market Index

    Switzerland

    +71.42

    +0.56%

    12,785.32

     

    BTC/USD

    93,738.20 Price
    -1.400% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 50.00

    ETH/USD

    3,373.08 Price
    +2.880% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 1.75

    Gold

    2,616.88 Price
    -0.240% 1D Chg, %
    Long position overnight fee -0.0147%
    Short position overnight fee 0.0065%
    Overnight fee time 22:00 (UTC)
    Spread 0.30

    US100

    21,493.80 Price
    +1.120% 1D Chg, %
    Long position overnight fee -0.0234%
    Short position overnight fee 0.0012%
    Overnight fee time 22:00 (UTC)
    Spread 1.8

     

    Index

    Country

    Change

    % Change

    Level

    Dow Jones Industrial Average

    United States

    +196.67

    +0.55%

    35,950.56

    S&P 500 INDEX

    United States

    +29.23

    +0.62%

    4,725.79

    Brazil Bovespa Stock Index

    Brazil

    -352.40

    -0.33%

    104,891.32

    Canada S&P/TSX 60

    Canada

    +9.70

    +0.76%

    1,288.81

    Santiago Index IPSA

    Chile

    +119.72

    +2.90%

    4,241.63

    IPC

    Mexico

    +247.86

    +0.47%

    52,650.91

     

    Index

    Country

    Change

    % Change

    Level

    Australia ASX All Ordinaries

    Australia

    +37.20

    +0.48%

    7,744.70

    Shanghai SE Composite Index

    China

    -25.29

    -0.69%

    3,618.05

    Hang Seng

    Hong Kong

    +30.12

    +0.13%

    23,223.76

    Mumbai Sensex

    India

    -304.92

    -0.53%

    57,010.36

    Nikkei 225

    Japan

    -15.78

    -0.05%

    28,782.59

    Taiwan TSEC 50 Index

    Taiwan

    +14.98

    +0.08%

    17,961.64

    Read more: Best commodities investments: Will demand continue in 2022?

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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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