-
Monday's session in Europe closes with declines: Germany's DAX is down 0.67%, Spain's IBEX has fallen by 0.91%, and France's CAC 40 has shed 0.55%. A big surprise comes from our native WIG20, which gained over 2.08% intraday and was the best-performing index in the region.
-
The last part of the Wall Street session brings improved sentiments as the demand side negates all morning drops. All benchmarks are up on the day.
-
Due to Saturday's Hamas attack on Israel and the escalation of conflict today, assets considered by investors as safe havens, as well as defense companies and cybersecurity firms, are gaining.
-
The European Commission said it is reviewing all of its €691 million in development aid to the Palestinians and is suspending all payments immediately.
-
Shares of Northrop Grumman (NOC.US), a company producing the latest stealth technology bombers, have increased by nearly 11%. Meanwhile, shares of Lockheed Martin (LMT.US), the manufacturer of Black Hawk helicopters and F-35 Lightning II fighter jets, are up 8% intraday.
-
Similarly, shares of Palo Alto Networks are rebounding from initial declines, even though the company has subsidiaries operating in Israel.
-
On the other hand, airline stocks are under significant downward pressure today.
-
The dollar is gaining, primarily against the currencies of smaller emerging nations. The Euro is one of the weaker currencies today.
-
The head of the Dallas Fed sees a chance to end interest rate hikes, considering the current significant rise in risk premium, which might result from high-interest rates.
-
Claudia Goldin receives the Nobel Prize in Economics for her research on women's participation in the labor market. Goldin works at Harvard and specializes in economic history and the labor market.
-
Among precious metals, gold and silver lead the gains, increasing by about 1.30%.
-
Due to the conflict in Israel, oil prices began the new week with a rise of over 3% and extended those gains to over 5% in the first half of the session. Currently, the increase is at 4.30%. Markets are concerned about potential supply disruptions from the Middle East, a region responsible for nearly one-third of global supply.
-
In the cryptocurrency market, there's a noticeable rise in anxiety today. On one hand, we see a capital outflow to safe assets, and on the other hand, investors are worried about more negative news related to the ongoing trial of the former CEO of FTX.com - Sam Bankman-Fried.
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.
