-
FOMC delivered a 50 basis point rate hike and announced the beginning of quantitative tightening in June at a pace of $47.5 billion per month. Pace will increased to $95 billion after 3 month
-
US indices recovered from a drop and rallied yesterday after Powell ruled out 75 basis point rate hikes for now. S&P 500 gained 2.99%, Dow Jones moved 2.81% higher and Nasdaq rallied 3.19%. Russell 2000 jumped 2.69%
-
Upbeat moods extended into Asian trading but liquidity was limited due to holidays in South Korea and Japan. S&P/ASX 200 gained 0.8% while indices from China traded up to 1% higher
-
DAX futures point to a significantly higher opening of the European cash session
-
In the latest evidence of how hard talks are, United States said that preparations are being made for an agreement with Iran as well as lack of agreement
-
Chinese army said it will intensify naval drills in the East China Sea near Taiwan
-
Brazilian central bank delivered 100 basis point rate hike - in-line with expectations
-
Chinese services PMI dropped from 42.0 to 36.2 pts in April (exp. 40.1)
-
Australian building approvals were 18.5% MoM lower in March (exp. -12% MoM)
-
Oil is adding to yesterday's gains. Brent and WTI trade around 0.9% higher following yesterday's over-5% gains
-
Precious metals are trading higher. Gold is top performer, adding 1.1%
-
CAD and USD are the best performing major currencies while GBP and AUD lag the most
Powell's assurance that 75 bp rate hikes are not actively considered was enough to help US indices recover from losses and rally. Nasdaq-100 (US100) rallied over 3% yesterday and the move continued overnight. Index is trading less than 1% below resistance zone marked with 23.6% retracement of recent correction (13,700 pts area). 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.
