-
Wall Street indices traded higher today, supported by lower-than-expected headline CPI reading from the United States. Major benchmarks trade 0.0-0.5% higher
-
US headline CPI slowed from 6.0% YoY to 5.0% YoY in March (exp. 5.2% YoY). Core gauge climbed from 5.5% YoY to 5.6% YoY, in-line with market expectations
-
Goldman Sachs said after CPI data that it no longer expects the Fed to hike rates at the June meeting. However, GS still expects Fed to hike by 25 basis points in May
-
FOMC minutes showed that some Fed officials considered whether to keep rates unchanged amid banking turmoil
-
Ultimately, decision to hike by 25 basis points was unanimous
-
EURUSD is testing 1.10 mark as the pair caught a bid following US CPI data
-
European indices also traded higher today with German DAX adding 0.3%, French CAC40 gaining 0.1% and UK FTSE 100 finishing 0.5% higher
-
Japanese machinery orders dropped 4.5% MoM in February (exp. -7.8% MoM)
-
ECB Holzmann said that another 50 basis point rate hike remains an option and ECB should accelerate QT starting from July
-
Bank of Canada left rates unchanged at 4.50%, in-line with expectations. BoC Governor Macklem said that market expectations of a BoC rate cut in 2023 do not seem like a likely scenario to BoC members
-
DOE report pointed to an unexpected 0.6 million barrel build in US oil inventories (exp. -1.3 mb). Meanwhile, gasoline and distillate inventories dropped less than expected
-
Gold is trading 0.7% higher on the day, near $2,015 per ounce. Daily high was reached near $2,027 during post-CPI rally
-
US natural gas prices drop almost 6% as analysts herald a looming end to heating season in the United States
-
CHF and EUR are the best performing major currencies while USD and CAD lag the most
US headline CPI inflation dropped below core inflation in March for the first time since late-2020. Source: Bloomberg, XTB
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.
