Morning wrap

8:28 AM September 18, 2020

• US indices finished Thursday's session lower. The Dow Jones fell 0.5% while S&P 500 lost 0.8% and Nasdaq dropped 1.3%
• Mixed moods prevail in the Asian markets today. Nikkei rose 0.08%, Kospi fell 0.06%  and Hang Seng gain 0.21%. S&P/ASX 200 dropped 0.12%. Dax futures point to a lower opening of the European session
• WHO Thursday warned of "alarming rates of transmission" across Europe and cautioned against shortening quarantine periods
• OPEC+ said Thursday that the group will take action on members that are not complying with massive output cuts to support the global oil market
• China will conduct military drill near the Taiwan Strait to safeguard its territorial integrity
• Japan's consumer price inflation dropped to 0.2 % yoy in August from 0.3 % in July 2020
• US crude production restarts after Hurricane Sally passed through the Gulf of Mexico
• China state media warn, that if US will support Taiwan to become a UN member, then China shall use non-peaceful means to solve the Taiwan question once and for all
• UK scientific advisers recommend another two weeks national lockdown
• NZD and CHF are leaders among major currencies while GBP and CAD lag the most
More than 314,000 new Covid-19 cases were reported yesterday, which is the highest daily rise since the pandemic begin. Source: worldometers, XTB

The content of this report has been created by X-Trade Brokers Dom Maklerski S.A., with its registered office in Warsaw, at Ogrodowa 58, 00-876 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. X-Trade Brokers Dom Maklerski 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.