1. Oil Prices Wobble Amid Fresh Round Of Tariffs
Oil prices fluctuated wildly on Monday morning amid concerns that the U.S. could impose additional tariffs on China. U.S. President Donald Trump is expected to announce fresh tariffs on Chinese imports worth approximately $200 billion as early as Monday, according to a source which spoke to Reuters. Impending sanctions by Washington on Iran provided some much needed support for oil assets, enabling them to recover from a morning tumble. Specifically, Brent Oil Futures (CL_BRENT) were last seen trading 0.2% higher at $78.25 while Crude Oil WTI Futures (USOIL) added 0.3% to last trade at $68.97 as of 7:00 GMT.*
2. Wirecard AG Jumps 5% After Analysts Set Price Target At €250.00
Wirecard AG (WDI) has received a consensus rating of “Buy” from the eighteen analysts that are currently covering the company, causing the stock to rally more than 5% on Friday and close the week at €188.90. Goldman Sachs Group set a €250.00 price target on shares of Wirecard and gave the stock a “buy” rating in a report on Friday September 14, while Barclays set a €240.00 price target on shares of Wirecard and gave the stock a “buy” rating in a report on Wednesday, September 5th.**
3. Is The Dollar Back On the Bull?
The greenback held on its gains against all of the major currencies on Monday morning amid a new round of U.S. tariffs to be imposed on China. Retail sales grew at its slowest pace in 6 months but the dollar continued to edge higher as every policymaker who spoke on Friday stated that more tightening beyond September is needed. Even FOMC voter and Fed President Brainard, who is traditionally a dove, suggested that the Fed could continue to raise rates. EURUSD was last seen trading flat at $1.1626 as of 7:00 GMT this morning after a long Friday dip.***
You can find and trade all of the above mentioned equities and commodities on BDSwiss Forex/CFD platforms.
*Source: Reuters Sept 17, 2018 2:48 AM ET
**Source: CNBC Sept 14, 2018 15:53 ET
***Source: Investing Sept 17, 2018 5:05 AM ET
Upcoming Earnings Reports This Week:
17/9/2018 – FedEx Corporation (#FDX) to report post-market
