-
Indexes from the Asia-Pacific region are trading with mixed sentiments. Chinese indexes are gaining between 1.70-2.00%, while other markets are trading lower. The Japanese Nikkei 225 index is down 0.60% to 39,000 points, Singapore's SG20cash contracts are losing 0.50%, and the Australian AU200.cash index is trading 0.60% lower.
-
On the forex market in the first part of the day, the New Zealand dollar and the Australian dollar are the top gainers. The gains range between 0.3-0.5%. On the other hand, among the most gaining currencies are the Japanese yen and the US dollar, although these gains are limited to 0.2-0.4%.
-
The Reserve Bank of India maintained its key policy rate at an unchanged level of 6.50% as expected on Friday. However, it cut the cash reserve ratio (CRR) by 50 basis points to 4.0% to boost liquidity in the economy.
-
Shaktikanta Das, the Governor of the Reserve Bank of India, stated that the central bank revised India's GDP growth forecast for fiscal year 2025 downward to 6.6%. In October, the RBI had forecast growth of 7.2%.
-
Japanese household spending fell in October at a slower-than-expected rate of -1.3% year-on-year, compared to expectations of -2.5% year-on-year and -1.1% year-on-year previously.
-
Gold is rebounding by 0.30% to $2,630 per ounce. Silver is also gaining, albeit slightly less, up by 0.10% to $31.30.
-
OIL.WTI is down 0.15% to $68.35 per barrel.
-
Today's key publication will be the NFP report from the US labor market, scheduled for release at 1:30 PM GMT.
-
David Sacks, a venture capital investor and early executive at PayPal, has been appointed by Donald Trump to oversee technology related to AI and cryptocurrencies. Sacks is a close friend of Elon Musk and was among those who encouraged Musk to support the Republican Party in the November elections.
-
The leader of South Korea's ruling party stated that President Yoon Suk Yeol must be removed from power for the safety of the country over his attempt to declare martial law. Nonetheless, the ruling People Power Party in South Korea said it opposes impeachment, but this stance may change.
-
In the cryptocurrency market, Bitcoin is rebounding 1.00% to $98,000. This comes after a correction late yesterday pushed prices down from around $104,000 to $97,000. Ethereum is up 3.25% to $3,900.
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.
