1. Twitter Shares Surge Most in 8 Months On Surprise Super Earnings
Twitter Inc. topped estimates for earnings and revenue in the third quarter amid higher spending from advertisers. This gave a much-needed boost for the social-networking site after months of scrutiny from lawmakers and criticism about fake or offensive accounts. Following the earnings releases, Twitter (TWTR) shares jumped the most in eight months.*
2. Oil Prices Drop On Oversupply
Oil prices fell on Friday and were heading for a third weekly loss, pulled down as Saudi Arabia’s OPEC governor said the market may become oversupplied soon and after a slump in global equities clouded the outlook for demand. Brent crude futures (CL_BRENT) were down 62 cents, or 0.7 percent, at $76.37 a barrel by 6:45 GMT while Crude Futures (USOIL) were last seen trading 0.9% lower, down 58 cents at $66.73.**
3. Aussie Hits 33-month Low
The Australian dollar hit a 33-month low amid weaker sentiment in Asian trade on Friday. It is important to note that the Australian dollar is often viewed as a gauge of risk appetite, so it can tumble amid uncertainty. Analysts see many persisting risks for markets, including trade tensions, Italy’s budget woes, geopolitical uncertainties and concerns about U.S. corporate earnings. Meanwhile, the euro was marginally lower at $1.1372 as of 7:00 GMT after touching a two-month low of 1.1353 in the previous session, while the Japanese yen, which is considered a safe haven currency, saw gains against the dollar today with USDJPY trading 0.16% lower at 112.23 JPY as of 7:00 GMT.***
You can find and trade all of the above mentioned equities and commodities on BDSwiss Forex/CFD platforms.
*Source: Investing Oct 26, 2018 12:22 AM ET
**Source: Marketwatch Oct 26, 2018 1:38 AM ET
***Source: Reuters Oct 26, 2018 / 4:51 AM ET
