CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

Dow Jones up 100 points after Theresa May resignation

The Dow Jones is up after UK Prime Minister,Theresa May, resigns.

The Dow Jones is rising despite the abrupt resignation of UK Prime Minister, Theresa May. The US stock market is rebounding after losses throughout the week.

Dow Jones unaffected by Brexit drama

May announced her resignation after failing for the fourth time to get Parliament to vote in favour of a deal for Britain to leave the European Union (EU). She expressed her disappointment with not being able to deliver a Brexit deal in her resignation speech.

‘I will shortly leave the job that has been the honour of my life to hold. It is and will always remain a matter of deep regret to me that I have not been able to deliver Brexit,’ said May.

Despite worry from financial analysts that a no-deal Brexit would impact the US stock market, the Dow Jones has largely remained unaffected. However, American corporations like Ford said in a statement earlier this year that a no-deal Brexit would be disastrous for Ford’s UK manufacturing plants.

‘The total cost to us of a hard Brexit, not including currency exchange related effects, could be $500 million to $1 billion in 2019,’ said Ford.

Dow Jones up after Trump promises end to trade war with China

The Dow Jones is also surging because of comments made by US President, Donald Trump. Trump recently said that the US-China trade dispute could be ending soon.

‘It’s happening, it’s happening fast, and I think things probably are going to happen with China fast because I cannot imagine that they can be thrilled with thousands of companies leaving their shores for other places,’ said Trump.

While there is no confirmation of talks between the US and China, Trump’s speech gives investors optimism that the US is eager to end its tariff war with China.

This information has been prepared by IG, a trading name of IG Markets 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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