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%.
- 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
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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.
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