Daily summary: Markets bid farewell to 2022 in weak mood

9:55 pm 30 December 2022

  • After yesterday's euphoric gains, today we see a marked cooling off, with investors preparing to close 2022 in a weak mood.  In the last session of the year, the NASDAQ is losing 1.12% against 0.82% declines in the S&P500 and the Dow Jones, down 0.77%. Similar sentiment was seen in Europe, with the DAX index ending the session 1% lower and France's CAC 40 losing 1.5%

  • Further restrictions on Chinese travelers are imposed by the UK and France

  • The best performing currencies during today's session were the Japanese yen and the Australian dollar. The worst performers were the New Zealand dollar and the US dollar

Source: xStation 5

  • Mixed sentiment prevails in the commodity market. Brent crude oil quotations are gaining nearly 0.7%. Platinum is doing very well for another session, gaining 1.6% today, and could book an appreciation of a total of nearly 10% in 2022. 

  • The proposed changes would show the core consumer price index rising by about 3% in fiscal 2022, at least 1.6%, but less than 2% in fiscal 2023 and nearly 2% in fiscal 2024, said people familiar with the BOJ discussions.

  • The creator of Ethereum, the second-largest cryptocurrency and Bitcoin's main competitor, Vitalik Buterin posted a Twitter post yesterday in which he said that the potential of the Solana cryptocurrency blockchain remains significant, and that rogue holders of SOL tokens have likely sold off all of them, which could help unlock its potential in the future. Solana's quotations are gaining more than 7% today. Bitcoin and Ethereum valuations are settling near yesterday's closing levels.

The last session of the year saw declines in the stock prices of most US companies. Source: xStation5 

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.

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world.