-
Stocks gain around the world
-
Solid U.S. retail sales in September
-
Earnings season in full swing
Global stock markets try to recover some of this week’s losses. European stocks ended the day higher. DAX gained 1.62%, CAC 40 rose 2.04% while FTSE 100 added 1.49%. U.S. indices opened on a positive note and were pushing higher for some time. However, a small pullback occurred later. S&P 500 is 0.49% up at press time.
Friday has been another volatile day for GBP due to Brexit-related news. As Boris Johnson hinted a no-deal Brexit, the pound tumbled. Meanwhile EURUSD stays above 1,17 mark, the euro gains against the U.S. dollar in the evening.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appCPI data from the euro zone for the month of September pointed to 0.3% deflation (year-over-year basis). U.S. retail sales report for September turned out to be a positive surprise (1.9% MoM vs expected 0.7%). Industrial production figures from the United States were disappointing, though. Nevertheless Michigan Consumer Sentiment rose to 81.2 pts in October, above expected 80.5 pts.
On Monday China will release a set of crucial data including Q3 GDP, industrial production for September as well as retail sales. Markets will also pay attention to several central bankers’ speeches, among others, ECB President Lagarde and Fed Chair Powell. Apart from that, investors will focus on various Q3 earnings reports.
US500 climbed above the 3,500 pts during today’s session, but a pullback occurred later. Nevertheless market bulls try to regain control and smash through that threshold. Meanwhile the area at 3,420 pts remains key support level. 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.
