Daily Update 17/10/2019

Daily Update 17/10/2019

is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

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.

Representatives from the EU and the UK will meet in Brussels to discuss the terms of the UK’s divorce from the EU, as part of the EU Economic Summit, which will be held today and tomorrow. This morning, the Northern Irish party sounded its opposition to the proposed deal, causing the GBP to fall. Other matters of financial importance will be discussed in the summit, generating volatility for various financial assets in Europe, such as the Euro and main indices.

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Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.

* Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.

* Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.

* The information above is not investment advice.

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