-
U.S. indices have recovered most of the losses from today’s opening. The Nasdaq is trading flat, the DJIA is down 0.1%, the S&P 500 falls 0.3%, and the Russell 2000 loses the most (-0.5%). The fear index, VIX, is up nearly 1.3% today.
-
Donald Trump has announced "flexibility" regarding the retaliatory tariffs planned for early April.
-
John Williams of the Fed sees no risks of uncertainty in U.S. inflation expectations, describing the latest data from the University of Michigan as an outlier.
-
Boeing (BA.US) shares are up more than 5% after the company secured a strategic Pentagon contract for the new U.S. F-47 fighter jet, valued at $20 billion.
-
Today’s Wall Street session brings another attempt to improve sentiment around Tesla (TSLA.US). The company’s shares are rebounding 4% today after U.S. indices pared losses following Trump’s comments.
-
Europe closed the week with declines. Almost all indices on the Old Continent experienced corrections (German DAX: -0.47%, French CAC40: -0.63%, British FTSE 100: -0.63%, Italian FTSE MIB: -0.39%, Swiss SMI: -0.17%), except for Spain’s IBX35, which added 0.33%.
-
"Everything points to another rate cut in April," commented Yannis Stournaras, one of the dovish members of the ECB.
-
Shares of International Airlines Group (IAG.UK) fell nearly 2% during today’s session after Heathrow Airport was forced to suspend air traffic for the entire day due to a fire at an electrical substation supplying the airport.
-
Gold and other precious metals are losing significant value today as Triple Witching Day increases volatility (trading volumes), encouraging profit-taking after a strong Q1 rally.
-
Brend and WTI crude oil futures tick slighlty up today (0.21% nad 0.29 respectively), while NATGAS contract slip 0.7%.
-
The forex market was dominated by the U.S. dollar today, which strengthened against almost all G10 currencies (USDIDX: +0.26%). The biggest depreciations were seen in Antipodean currencies (AUDUSD: -0.43%, NZDUSD: -0.38%), followed by the British pound (GBPUSD: -0.34%) and the Japanese yen (USDJPY: +0.32%). EURUSD is down for the third consecutive day (-0.26%), dropping to 1.0823.
-
Market sentiment is mixed. Bitcoin is trading flat intraday, while Ethereum is down nearly 0.4%.
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.