Indices in the US end the day flat, with limited volatility. Throughout the session, both US500 and US100 were trading near opening levels, staying at historical highs. Meanwhile, US2000 sees nearly a 1.10% drop to 2,400 points.
In Europe, gains dominate. The strongest performer today was Italy’s IT40, which gained almost 1.6%. Germany's DAX increased by 0.6%, while France's CAC40 rose by 0.4% despite political turmoil in the country. Switzerland's SMI ended the session at levels similar to yesterday’s closing price, while the Stoxx Europe 600 gained 0.4%.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appFive Below maintained nearly 10% gains following strong Q3 results. The company reported a 15% increase in sales and approximately a 61% increase in profits.
MicroStrategy erased over 8% gains in the second half of the session,
which were driven by Bitcoin breaking the $100,000 mark. The stock is now trading about 3.5% lower than yesterday’s closing price.
The US Dollar (USD) is one of the weakest-performing G10 currencies today.
The USDIDX index is down 0.40% to 105.9500 points, with intraday losses reaching as much as 0.60%. EURUSD is up 0.50% to 1.05600, while USDJPY is down 0.15% to 150.3000.
New jobless claims in the US came in higher than forecasts. Theoretically, a higher reading may provide arguments for faster rate cuts.
US Initial Jobless Claims:
- Value: 224k
- Forecast: 215k
- Previous: 213k
OPEC+ plans to gradually phase out production cuts starting from Q1 next year until 2026. WTI crude reacted with a sharp decline to this announcement but has since pared losses to -0.20%. The limited market reaction may be due to the fact that this decision was anticipated.
Natural gas (NATGAS) prices did not show significant movement in response to the EIA's weekly inventory report. The inventory change was -30 billion cubic feet versus a forecast of -43 billion cubic feet and a previous change of -2 billion cubic feet.
Bitcoin breaks the psychological $100k barrier, gaining 2.50% to $101,300. However, the gains are slightly reduced as Bitcoin previously surged by 5.50% to $103,800.
Other projects see slightly smaller gains. Ethereum is up 1.35% to $3,900, while the total market capitalization of altcoins excluding Ethereum is up 2.20% to $1.11 trillion. Bitcoin dominance rebounds today to 56% from a local low of 54.7% yesterday.
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.
