-
US indices finished yesterday's trading lower after a volatile session. S&P 500 dropped 0.67%, Dow Jones moved 1.23% lower and Nasdaq dipped 0.16%. Russell 2000 dropped 0.05%
-
Pullback on the stock market was accompanied by a sell-off on US bond markets. US 10-year Treasury yields jumped 17 basis point yesterday, to 2.75%
-
Moods deteriorated yesterday in the evening after China said it will hold live fire drills around Taiwan. Chinese state media said that People's Liberation Army will exercise "liberating Taiwan"
-
Moods during the Asian session were mixed - S&P/ASX 200 dropped, Nikkei and Kospi gained while indices from China traded mixed
-
DAX futures point to a more or less flat opening of the European cash session today
-
Japanese officials reported that there was movement of Russian navy in recent days suggesting that Russian ships may join Chinese navy in exercises near Taiwan
-
China has also banned imports of over 2,000 food products from Taiwan and suspended exports of natural sand and gravel to the island
-
The Chinese UK ambassador warned UK politicians not to visit Taiwan as it would have serious consequences for China-UK relations. Warning came after Guardian reported that group of UK MPs plan to visit Taiwan later this year
-
Fed's Bullard said that it looks like both Fed and ECB will be able to rein in inflation and achieve soft landing
-
API report pointed to a 2.16 million barrel build in US oil inventories (exp. -0.4 mb)
-
Major cryptocurrencies are trading mixed - Bitcoin drops 0.7%, Ethereum moves 1.7% lower and Ripple dips 1.9%
-
Oil is trading higher today. Brent gains 1% and climbs back above $100 per barrel mark
-
Precious metals benefit from USD weakness - gold and silver gain 0.5% each
-
AUD and EUR are the best performing G10 currencies while USD, GBP and JPY lag the most
S&P 500 (US500) snapped a 3-day winning streak this month and traded lower for the second day in a row yesterday. Index is retesting a 4,100 pts price zone, this time as a support. Note that reversal occurred just slightly below the upper limit of the Overbalance structure, hinting that downtrend remains in play. 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.
