- Wall Street indices trade mixed today - S&P 500 gains 0.1%, Nasdaq adds 0.2%, Dow Jones drops 0.1% and small-cap Russell 2000 trades 0.5% lower
- Tesla rallies 11% in spite of reporting disappointing Q1 2024 results
- Investors are waiting for earnings report from Meta Platforms and IBM, scheduled for release today after close of Wall Street session
- European stock market indices traded slightly lower today - German DAX dropped 0.35%, UK FTSE 100 moved 0.06% lower, French CAC40 dropped 0.17% and Dutch AEX closed 0.09% lower. Polish WIG20 was among top laggards with a 0.93% drop
- Cryptocurrencies are pulling back - Bitcoin drops 2.3%, Ethereum declines 0.9%, while Dogecoin plunges 3.7%
- Precious metals trade mostly lower - silver drops 0.2%, platinum trades 0.7% lower and palladium slumps 2%. Gold trades flat
- AUD, GBP and NZD are the best performing major currencies, while JPY and CAD lag the most
- ECB Nagel said he is in favour of June rate cut if data shows return to 2% inflation target
- US President Joe Biden signed a long-awaited bill that will provide Ukraine, Israel, Taiwan and US allies in Indo-Pacific region with military support
- US headline durable goods orders increased 2.6% MoM in March (exp. 2.5% MoM), while orders excluding transportation increased 0.2% MoM (exp. 0.2% MoM)
- Canadian retail sales dropped 0.1% MoM in February (exp. +0.1% MoM), while sales ex-autos declined 0.3% MoM (exp. 0.0% MoM)
- The latest Atlanta Fed Q1 GDPNow estimate came in at 2.7%, down from 2.9% earlier
- DOE report showed a large 6.37 million barrel draw in headline crude oil inventories (exp. +1.7 mb)
- German IFO Business Climat index jumped from 87.8 to 89.4 in April (exp. 88.9). Expectations subindex jumped from 87.5 to 89.9 (exp. 88.9) while Current Conditions subindex jumped from 88.1 to 88.9 (exp. 88.7)
- Australian CPI inflation decelerated from 4.1% to 3.6% YoY in Q1 2024 (exp. 3.4% YoY)
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.