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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.

Beat the street: Soft retail sales data; Boeing; end of the road for Fisker

US equities nudge higher after a softer-than-expected retail sales print. Citigroup hikes S&P 500 year-end target to 5,600 points. Boeing’s CEO faces harsh Senate questions. EV maker Fisker files for bankruptcy protection.

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(AI Video Summary)

Weaker-than-expected US retail sales

Angeline Ong discusses the financial market updates in today's edition of "Beat the street", prior to the Wall Street opening. She highlights weaker-than-expected US retail sales impacting the US dollar and equity movements.

Key focus topics include Boeing facing Senate queries and whistleblower allegations, potentially affecting stock positions and safety regulations, Fisker's bankruptcy filing amid EV market pressures, and Adobe's raised revenue forecast due to strong software demand.

Oil

Additionally, fluctuations in oil prices are analysed with WTI testing key resistance levels. Various market instruments and opportunities are also reviewed for trading ahead of a cautiously optimistic market opening.

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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