When moments move marketsWhen moments move markets: how have seismic political and economic events impacted key financial markets? Take a better position with CMC Markets.
77% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
The collapse of Lehman Brothers was a seminal moment in the financial crisis, one which almost brought the global economy to its knees. The sharp fall in the FTSE 100 in the wake of the bank’s failure prompted a rethink from policymakers as to how best support the banking system. This briefly helped to arrest a three-day slide that saw 500 points wiped off the equity benchmark, a fall of nearly 10%.
This speech by European Central Bank (ECB) president, Mario Draghi, marked an important moment in the eurozone debt crisis. It was the first time that any ECB official had openly stated the central bank would stand behind the euro, and effectively act as a proxy lender of last resort when markets were speculating about the prospect of a redenomination risk and possible breakup of the euro.
In the run up to voting day, a number of opinion polls were leaning towards the ‘Remain’ campaign winning the vote. The rise in the pound reflected this prediction, while betting markets also moved in line. The drop in the value of the pound as a result of early ‘Leave’ wins revealed how badly positioned the market was in relation to the final Brexit vote, and also that the outcome had huge potential for political disruption.
When US voters went to the polls, economists fretted over candidate Donald Trump’s “populist” policies. When he beat the odds to become President Elect Trump the initial market reaction was a damaging sell down of the US 30 and the US SPX 500 indices. However the doom and gloom proved short lived. US stocks began a sustained rally mid-way through the trading session in anticipation of government stimulus.
Cryptocurrencies are either a foolish fad or the future of the financial world, depending on who you ask. The extremeness of these views means that higher crypto volatility is the one thing most traders can agree on. Spectacular gains in late 2017 mean that no-one can afford to ignore these new and exotic trading instruments. As Bitcoin, Ethereum and others move closer to established financial markets trader interest continues to grow.
Since 1989, we’ve been giving our clients the technology, support and access they need to trade on opportunities in the markets. As an online trading company that combines impeccable service with exceptional technology, we’re trusted by 90,000 clients worldwide**.
Stay informed on the move with our powerful, award-winning mobile trading app^
Access market insights and analysis delivered straight to your inbox.
**Based on figures from CMC Markets'2017-18 annual report.
^Awarded Best Mobile Phone/Tablet App, based on highest user satisfaction among FX traders, Investment Trends 2018 Australian Leverage Trading Report.
Investing in CMC Markets derivative products carries significant risks and is not suitable for all investors. You could lose more than your deposits. You do not own, or have any interest in, the underlying assets. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Spreads may widen dependent on liquidity and market volatility.
The information on this website is prepared without considering your objectives, financial situation or needs. Consequently, you should consider the information in light of your objectives, financial situation and needs.
CMC Markets NZ Limited Company Registration Number 1705324 (the product issuer) provides the financial products and/or services. It's important for you to consider the relevant Product Disclosure Statement ('PDS') and any other relevant CMC Markets Documents before you decide whether or not to acquire any of the financial products. Our Financial Services Guide contains details of our fees and charges. All of these documents are available at cmcmarkets.co.nz or you can call us on 0800 26 26 27.
Apple, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.