- European indices finished today's volatile session mostly higher, with Dax up 0.88% as annual inflation rate in Germany eased in July, albeit by less than expected, while consumer morale in the Eurozone plunged to a new all-time low and the economic sentiment indicator fell more than expected in July.
-
Three major Wall Street indices erased early losses and are trading approximately 1.0% higher as investors are trying to assess how another weak GDP reading will affect FED rate-hike path.
-
The GDP report showed the economy unexpectedly shrunk in the second quarter, which means that the US entered a technical recession.
-
Meta Platforms fell almost 6% following disappointing quarterly results. Apple and Amazon will release their quarterly figures after market close
-
NATGAS fell nearly 5.0% even as the gas stock in the US increased less than expected
-
Brent crude briefly rose to $101.70 per barrel and WTI tested $ 100.00 per barrel, however buyers failed to uphold momentum in the evening and gave away most of the early gains
-
Gold rose sharply above $ 1750 per ounce, while silver approaches $18.60 amid weaker dollar and lower bond yields,
-
Currently CHF and JPY are the best performing major currencies while EUR and AUD lag the most.
-
Major cryptocurrencies rose sharply yesterday after Fed Chair Powell said that it will likely become appropriate to slow the pace of interest rate increases depending on the inflationary and economic picture and upbeat mood prevails today. Bitcoin is testing $24000 level, while Ethereum broke above $1700 level.
Silver jumped nearly 5.0% during today's session and is heading towards psychological resistance at $20.00. 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.
