CFDs, or Contracts for Difference, are derivatives that allow traders to easily gain long or short exposure to the price movements in various asset classes including forex, stocks, commodities, and in this case stock indexes.
The EUSTX50, follows the Euro Stoxx 50, a stock market index that tracks the performance of the 50 top stocks by market cap in the Eurozone.
It was formulated by the Deutsche Börse Group and was launched in 1988.
Well known members of the EUSTX50 index include Adidas, Airbus, Banco Santander, Deutsche Telekom, Nokia, Philips, Unilever, and Volkwagen.
CFDs on the EUSTX50 index are a great way to gain long or short exposure to the European stock market over any time frame. The volatility of this index is not as high as the DAX so it can be a better option for traders new to index CFD trading.
EUSTX50 Historical data
The EUSTX50 index has risen 90% since its lowest levels recorded in 2009. Lately it has been declining due to European economic worries, emerging market headaches and uncertainty over the UK leaving the Eurozone.The index also includes cyclical stocks which can expand volatility of the index.
How to trade EUSTX50 with Eightcap?
With Eightcap you only need one trading account to trade CFDs on the EUSTX50 index and other asset classes around the world. In addition, Eightcap offers clients the MetaTrader 4 and 5 platforms, widely regarded the most advanced trading platforms in the world. Signing up is easy and in just a few minutes you will be ready to start your trading journey.