-
US indices end the day with slight gains due to a lack of catalysts for upward or downward movement. The earnings season for companies is so far moderate. Some companies have positively surprised, but there are also results below expectations. As a result, we observe relatively low volatility in the market today.
-
The US100 gains the most (+0.50%) to the level of 20,500 points, followed by the US500 (+0.45%), returning above 5,900 points, while the US2000 shows no significant changes and remains around 2,300 points.
-
Chinese companies are doing relatively well today. Stocks of firms such as Alibaba, Pinduoduo, and JD.com are gaining over 2.5% after the PBoC establishment suggested that loan rates in China will be reduced on Monday.
-
On Wall Street itself, Netflix and Intuitive Surgical stocks are performing very well. Both companies reported very good Q3 results yesterday after the session.
-
Bostic from the Fed gave a relatively neutral interview, stating that inflation will fall to the 2.00% target by the end of 2025. The banker also believes that the natural interest rate the Fed should aim for is in the range of 3.00-3.50%. According to the banker, the labor market remains very strong, and inflation in the US is still high.
-
The leaders of today's session gains are precious metals and Bitcoin. Gold hit new historical highs (+0.85% intraday), while silver is trading at its highest levels since November 2012.
-
Bitcoin is trading above $68,500, approaching the psychological barrier of $69,000. The popular cryptocurrency adds 2.6% intraday.
-
Waller from the Fed delivers a speech on decentralized finance, taking a relatively positive stance toward this market. Waller acknowledges the added value capable of improving some areas of traditional finance.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
