-
US indices finished yesterday's session slightly lower. However, tech stocks managed to gain. S&P 500 dropped 0.08%, Dow Jones moved 0.26% lower while Nasdaq gained 0.41%. Russell 2000 dropped 0.13%
-
Indices from Asia-Pacific traded higher today. Nikkei gained 0.8%, S&P/ASX 200 added 0.5% while Kospi moved 0.9% higher. Indices from China traded mixed
-
DAX futures point to a flat opening of the European cash session
-
China has reportedly blocked shipments to Taiwanese iPhone assembler Pegatron. The move is said to be retaliation for Pegatron's executives meeting with US House Speaker Nancy Pelosi
-
According to Reuters report, Saudi Arabia and United Arab Emirates still have some spare oil production capacity but are unlikely to tap into it unless a major energy crisis occurs during winter
-
Japan demanded China halts its military drills immediately after 4 Chinese ballistic missiles were fired into Japan's exclusive economic zone
-
RBA Monetary Policy Statement for August showed that the Bank is ready to do what is necessary to bring inflation to 2-3% range. However, document also noted that there is a narrow path to restraining inflation without hurting economy
-
Japanese household spending increased 3.5% YoY in June (exp. 1.0% YoY)
-
Reserve Bank of India delivered a 50 basis point rate hike, to 5.40% (exp. 5.25%)
-
Cryptocurrencies are trading higher today with Bitcoin adding 2.6% and Ethereum rallying 4%
-
Oil is trading over 1% higher. WTI trades near $89 per barrel while Brent is testing $94.50 mark
-
Precious metals gain in spite of USD strength. Gold trades flat but silver (+0.5%) and platinum (+0.8%) gain
-
USD and CAD are the best performing major currencies while JPY and CHF lag the most
Brent (OIL) plunged to the lowest level since February 25, 2022 yesterday as recession fears continue to exert pressure on crude. An attempt to launch a recovery move can be observed this morning although the scale of moves looks small compared to yesterday. 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.