-
US indices rallied yesterday and finished trading with big gains as markets shrugged off concerns over financial conditions of Credit Suisse. S&P 500 gained 2.59%, Dow Jones moved 2.66% higher and Nasdaq added 2.27%. Russell 2000 gained 2.65%
-
Indices from Asia-Pacific followed into footsteps of US peers and rallied as well. Nikkei gained 2.8%, S&P/ASX 200 jumped 3.7% and Kospi traded 2.5% higher
-
DAX futures point to a higher opening of the European cash session today
-
Reserve Bank of Australia surprised with a smaller-than-expected rate hike of 25 basis points (exp. 50 bp). However, RBA said that it plans to keep rising interest rates in the coming months
-
Fed's Williams said that policy rates are not yet restrictive for growth and that there is still a room for them for growth given a 4.6% median forecast in dot-plot
-
OPEC+ canceled the Joint Technical Committee meeting scheduled for tomorrow. Ministerial meeting is still scheduled to go
-
North Korea launched a ballistic missile that flew over Hokkaido, Japan's second largest island, and landed in the Pacific Ocean
-
Australian building permits increased 28.1% MoM in August (exp. 5.0% MoM)
-
Cryptocurrencies are trading mostly higher, although the scale of gains is small. Ethereum gains 0.7%, Bitcoin trades 0.3% higher and Ripple drops 1%
-
Oil trades higher with both Brent and WTI adding around 0.8% today
-
Precious metals trade higher - silver jumps 0.5%, platinum trades 1% higher and gold trades flat
-
EUR and GBP are the best performing major currencies while AUD and NZD lag the most
AUDUSD took a hit following a smaller-than-expected RBA rate hike. Pair dipped and tested 0.6450 support zone in the aftermath of the decision. However, bulls managed to defend the area and push the pair back above the 50-hour moving average. 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.
