- Gas prices scored massive declines today. Gas in the U.S. lost more than 11% and fell below $4/MMBTU amid weather forecasts that point to continued high temperatures until at least the middle of the month
- Gas prices in Europe also fell. The TTF price for the month's delivery fell to around €71/MWh in the face of very low consumption by high temperatures. Storage fill in Europe is rising, which is an anomaly for such a time of year
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
- Oil prices lost 3% each today against a very strong US dollar
- The U.S. dollar gained against most currencies today in the first proper session for the U.S. market. The dollar was strong even though yields fell
- The GDPNow model indicates clear GDP growth of nearly 4% in the fourth quarter of the previous year. On top of that, it's worth noting upcoming government spending in the US, which could lead to the Fed having no incentive to move away from hikes any time soon
- On the other hand, the euro lost today through a strong drop in German inflation. Inflation in Germany fell for December to 8.6% y/y from 10.0% y/y, due to a strong drop in energy prices and at the same time a one-time payment of gas bills by the authorities for December
- US manufacturing PMI remains at 46.2 points for December
- Tesla lost as much as 14% today due to the fact that Q4 2022 car deliveries were below market expectations. This could indicate potential problems for the company and bode ill for demand
- The Nasdaq lost well over 1% today in the first session of this year. The session was not held yesterday, as January 1 took place on Sunday
- European indices closed clearly on the upside today. The DAX gained 0.8% and the FTSE 100 gained 1.4%
- This week we will also learn the ISM indices, the ADP report and the NFP report on Friday.
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.
