-
U.S. indices end the day slightly higher, gaining after the PCE report came in line with expectations. US500 is up +0.50%, US100 +0.25%, and US2000 +0.70%.
-
The U.S. dollar and Canadian dollar are among the weakest G10 currencies. The dollar index USDIDX falls 0.25%. On the other side of the scale is the British pound. The EURUSD pair gains 0.33%.
-
U.S. PCE inflation readings matched the expectations of Bloomberg-surveyed analysts, so the immediate reaction on the EURUSD pair was limited.
-
Moreover, such a reading does not appear to significantly change the outlook for Fed policy compared to what the market had already priced in. The August report showed core inflation rising 2.9% y/y and headline inflation rising 2.7% y/y.
-
Thomas Barkin of the Federal Reserve said in today’s interview that incoming data will determine whether the Fed should continue to cut interest rates. The Federal Reserve needs to move a bit more toward fulfilling its employment mandate. According to Barkin, unemployment looks somewhat shakier, but the inflation situation is better.
-
In September, consumer sentiment in the United States deteriorated by about 5%. One-year inflation expectations fell slightly to 4.7%, but long-term expectations rose to 3.7%, continuing the recent upward trend.
-
Canada’s monthly GDP growth came in at 0.2% versus 0.1% expected, after a -0.1% decline previously.
-
IBM is steadily strengthening its position as one of the leading innovators in modern technologies, with a particular focus on quantum computing and artificial intelligence.
-
President Donald Trump signed an executive order requiring ByteDance to reduce its control of the company to a maximum of 20%. The U.S.-led investor group (including Oracle, Silver Lake, and MGX) would hold around 45%, while the remaining 35% would go to other existing/new investors.
-
Oil prices are up nearly 0.5% today, fueled by U.S. President Donald Trump’s pressure on buyers of Russian energy. Trump is urging leaders such as Erdogan and Orban to stop buying oil from Russia, aiming to accelerate the end of the war in Ukraine.
-
We once again see strong euphoria in the precious metals market, where SILVER is gaining nearly 3.0% and GOLD is up 0.8%.
-
The cryptocurrency market is trying to rebound after the recent record liquidation of long positions. Bitcoin gains 0.90% today, climbing back above USD 110,000. Even more interest is seen in Ethereum, which rises 4.00% to USD 4,030.
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.
