-
The last day of the week did not bring significant changes in market sentiment, with the main indices in the US struggling for direction. Initially, the US500 Index was gaining, but after the debt-ceiling impasse, the index turned back to losses and is currently declining by 0.22% to 4,190 points
-
Republican negotiators abruptly ended the discussions on raising the debt ceiling on Friday, leaving the two sides in a deadlock as they approached a crucial weekend. Rep. Garret Graves, leading the negotiations on behalf of House Speaker Kevin McCarthy, stated that it was necessary to pause the negotiations as they were unproductive and unreasonable. The timeframe for resuming the talks remains uncertain
-
Failure to raise the debt limit and delays in government payments could lead to a significant drop in stocks, according to UBS strategists, who warned of a potential 20% decline in the S&P 500 if the US formally defaults and delays payments.
-
The SPDR S&P Regional Banking exchange-traded fund, valued at $3.2 billion, experienced a decline of around 2% following a news report suggesting that Treasury Secretary Janet Yellen mentioned the need for more mergers among large lenders
-
FED Chairman Jerome Powell stated that progress is being made in cooling inflation, but further evidence is required to conclude the current tightening cycle. The FED's assessment will be an ongoing process, conducted in each meeting. Given the progress made thus far, the FED can now analyze the data and evolving outlook to make cautious evaluations.
-
Canadian retail sales data for March was released today at 1:30 pm BST. Report was expected to show the second month of declines in a row with a drop in sales being expected to be deeper than in February. Actual report came in mixed - headline retail sales dropped more or less in-line with expectations and deeper than in February. However, core retail sales (ex-autos) saw a smaller drop than expected and than in February.
-
Friday's trading session on the European markets brings a continuation of the euphoria among investors. The German DAX (DE30) is trading up more than 0.5% today and has rocketed to historic highs! Optimism over a possible agreement on the US debt limit has pushed share prices up across the European market and prices did not fell as much as US indices after the debt-ceiling agreement failure.
-
Investors received German PPI data for April this morning, which showed a smaller year-on-year decline than expected - from 6.7 to 4.1% y/y, while the market was expecting 4.0% y/y.
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.
