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European investors still on edge
Despite European investors' hope for a quick resolution to the trade conflict between China and the US, the future of the global economy and Brexit are still weighing on their minds.
Most market participants are hoping that both sides can reach a final agreement to end the current stand off. According to rumours we are hearing on the market, the countries' representative made some serious progress at the most recent round of talks and a final agreement is now close at hand.
Meanwhile, investors have been seriously concerned about the future growth of the global economy following the release of weak economic data from both the US and the eurozone.
Italy's projected GDP growth for this yer has now been lowered from 0.9% to 0%.
It is predicted that this indicator will only enter positive growth in 2020, when it is seen up 0.4% against 2019.
In other news, European investors are waiting for further developments in relation to Brexit after British MPs voted, as many anticipated, to postpone the date of the UK's departure from the EU.
At the same time, the UK parliament was unable to find majority support for any of the eight Brexit options currently on the table.

Shares of cannabis producers rise after falling after Cronos reporting.


Shares of Canadian cannabis manufacturing companies on Friday mostly rose as part of the correction to a rather serious fall, which followed the publication of the quarterly report of the Cronos Group (CRON). The company's financial results for the reporting financial quarter were significantly worse than market expectations. So, in particular, the company unexpectedly reported a loss of $8.8 million, after which major analysts worsened their recommendations on these securities to “sell” from “hold”.


At the same time, after having somewhat digested this information, this segment of the market again shot upward as part of the correction. An additional reason for optimism was the Ernst & Young forecast that by 2025, every fifth Canadian adult will be using marijuana, spending an average of 1.7 thousand dollars a year for this purpose.


In turn, the company Tilray Inc. (TLRY) promised to strengthen its team by attracting experienced financial experts to prepare sound financial statements and strengthen internal financial control.
According to financial scouts, in the coming days, shares of Canadian cannabis producers will continue their upward trend. For example, Cronos shares could rise to $19, Tilray - up to $66.5, Canopy Growth (CGC) - up to $43-43.5, Aurora Cannabis (ACB) - up to $9, Aphria (APHA) - up to $9,5 dollars.

Shares of cannabis producers may rise on a possible ETF launch.
Shares of Canadian cannabis growers on Wednesday were mostly slightly lower in price, with the exception of Canopy Growth (CGC), which added about 1.6%.
At the same time, the sector’s stocks were able to grow a little on the positive news that a large investment fund from Toronto Evolve Funds Group, whose assets amount to more than $300 million, is going to launch an ETF for cannabis producers' shares.
However, the good news for Aurora Cannabis (ACB) could be the message that the company has started selling hemp oil to Germany and
plans to become one of the largest suppliers of raw materials outside North America.


Despite the fact that while shares of cannabis producers are mostly ignoring all this positive news, in the short term they still have good chances for growth.
For example, Canopy Growth stocks could climb to $44-44.5, Aurora Cannabis - up to $9.5, Aphria (APHA) - up to $10-10.5, Cronos (CRON) - up to $19, and Tilray shares (TLRY) - up to $64-64.5.

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Shares of cannabis growers moved to consolidation


Shares of Canadian cannabis producers on Friday do not show a single dynamic against the backdrop of hopes for a possible easing of legislation in the United States. At the same time, it can be noted that the market took some breathing space after substantial growth in the first quarter, investors are waiting for any significant corporate news events, in this case there could be a chance to see a new rally in the market.


A document proposed by a number of US senators that proposes making some legislative exceptions for banks working with the cannabis industry provided welcome news for the market. The Association of American Bankers has already supported this project.


Additional support for Aurora Cannabis (ACB) securities came after the announcement that it hired investment banker Carey Squires to work on the company's global development. In addition, in Germany, Aurora Cannabis won 5 lots at auction for the production of medical cannabis. The same lot was won by the company's competitor - Aphria Inc. (APHA). Now companies can grow 200 kilograms of cannabis in these areas per year.


However, the unfavourable news for Canopy Growth (CGC) is the poor quarterly reporting by Constellation Brands, which previously invested $4 billion in Canopy,
According to forecast financial scouts, some consolidation will continue in this market segment in the near future. Aurora Cannabis shares could rise in price to 9.5 dollars, Tilray (TLRY) - up to 61.5 dollars, Aphria - up to 10.5 dollars. Paper Canopy Growth at the same time could be reduced in price to $43, and Cronos (CRON) - up to $18.

Libertex Launched Lyft Trading


Igor Galkin, Head of Global Business Development and Sales at Libertex Group, said, “Lyft held an IPO at the end of March, 2019. Its shares are one of the most interesting instruments of this season. We’re glad to offer our clients CFD for Lyft shares and open new trading opportunities for them.”


CFD on Lyft have a huge potential for effective trading because of two key reasons: first, they allow traders to diversify their trading strategies, and second, after the IPO they are quite volatile. Long-term investors can also find Lyft to be of interest, seeing as there is a good potential for share price growth.


Lyft shares will be available on the Libertex trading terminal starting April, 2019.


About Libertex:


Libertex is an international brand with a twenty year history in financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 150 commercial instruments. In 2016, Libertex was recognized by Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. In 2017-2018 Libertex was announced as Best trading application and Best cryptocurrency broker by Forex Awards.

Shares of cannabis producing companies continue to soar on the back of Canopy Growth deal with American company.
Since Friday, shares of some of the largest Canadian cannabis producers are rising in price due to Canopy Growth (CGC) announcing an agreement on merging with American Acreage Holdings.
Canopy Growth received the right to purchase all shares of the American company for $ 3.4 billion as soon as selling and producing cannabis will be legalized in the US. The Canadian company has already made an advance of $ 300 million. As a result of this transaction, Canopy Growth will be able to begin full-scale operations in the American market at the nearest time.
Currently, the global market of legal production and sales of cannabis is estimated at $ 7.7 billion per year. As financial predicted by experts, by 2021 the market will grow up to $ 21 billion - an increase of 60% is expected. Thus, the company's access to new markets is a very good factor for its stock quotes’ growth.
It can be expected that in the near future, shares of the largest cannabis producers in Canada will show positive trends, playing back to the positive news about the Canopy Growth deal with the US company. Shares of Aphria (APHA) can rise in price up to 8-8.5 dollars, Aurora Cannabis (ACB) - up to 9.5 dollars, Cronos Group (СRON) - up to 16-16,5 dollars, Tilray Inc. (TLRY) - up to 49-49,5 dollars, and the Canopy Growth (CGC) itself - up to 45-45,5 dollars.

European investors concerned by global economic development prospects


Investors in Europe continue to scrutinise the financial statements of major US corporations amid growing concerns regarding the global economy’s future development prospects following weak economic data coming out of both Europe and Asia.
With trade talks with China looking set to resume over the week ahead, many investors are worried about the Asian giant’s long-term economic policy. As it looks to stimulate economic growth, fears of excess cash in the economy leading to a financial bubble will most likely see the People's Bank of China resist the urge to make further cuts to its reserve requirement ratio this year.
In other news, Britain’s departure from the European Union remains a hot topic for investors on the Old Continent as the latest Brexit plan negotiations end in deadlock. Elsewhere, European investors continue to monitor world oil price movements after the US announced its decision to scrap all exemptions from sanctions on importers of Iranian oil. However, financial scouts report that the commodity's price is being held in check by recent information claiming that the US has increased its oil reserves.

Cannabis stocks down on corporate news

According to Libertex's sources, shares in major Canadian cannabis producers are in decline after Valens GroWorks posted zero earnings for last quarter. Over the previous reporting period, the company in fact recorded losses of $6.4 million, which is almost double the figure reported a year ago. However, this situation was somewhat eased by reports that the company had signed a multi-year extraction services agreement with Hexo that would see the latter supply Valens GroWorks with an annual minimum of 30 tonnes of cannabis.
There was more positive news for the market, too, as an Alabama Senate committee approved a bill to permit patients over the age of 19 to purchase medical cannabis freely.
Financial scouts predict that cannabis stocks will likely continue on their current downtrend over the short term as they look to bounce back from Valens GroWorks's recent poor results. They forecast share price drops for all the major producers, with Canopy Growth (CGC) set to fall to $47.5-48 and Aurora Cannabis (ACB) to $8-9. Meanwhile, they see shares in Tilray (TLRY) down below $51, with Cronos (CRON) and Aphria (APHA) expected to slide to below $16 and $7 respectively.

Pinterest: the perfect picture for Libertex traders


Following the recent incorporation of Lyft to its platform, Libertex continues to expand the list of assets for its clients. Today, the Libertex trading platform announces the launch of CFDs (contracts for difference) for Pinterest (PINS), valued at $10 bn after the IPO that took place this April 17th, 2019.
The IPO price, initially set at a range of $15 to $17, quickly moved on to $19, proving the interest of investors since the very first hours, and it’s easy to understand why just having a look at some key facts about the company founded in 2010 by Ben Silbermann, a former Google employee, and Evan Sharp, ex designer at Facebook:
• 250 million users every month, of which 83% are women who make 80% of total volume of purchases.
• In the US, the site is used for purchasing goods more often than any other social media.
• It is a perspective platform both for advertising and retail business with its own solutions for e-commerce.
At present, the rate of increase in Pinterest revenues amounts to 60% and given the growth forecast for digital ad market, Pinterest may become a very alluring candidate for investments.
Sign up for free and be the first to buy Pinterest shares
About Libertex:
Libertex is an international brand with a twenty year history in financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 150 commercial instruments. In 2016, Libertex was recognized by Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. In 2017-2018 Libertex was announced as Best trading application and Best cryptocurrency broker by Forex Awards.