-
US indices finished yesterday's trading higher. Nasdaq rallied 3.69%, S&P 500 gained 1.42% and Dow Jones closed 0.1% higher. Russell 2000 gained 1.91%
-
Trading in Asia was mixed. Nikkei finished flat, S&P/ASX 200 dropped 0.8%, Kospi traded 0.5% lower while indices from China gained.
-
DAX futures point to a slightly lower opening of European cash session
-
US House will vote and most likely pass Biden's $1.9 trillion stimulus plan today. Debate is scheduled for 2:00 pm GMT and vote will follow afterwards
-
US SEC will examine payments for order flow in the wake of GameStop situation
-
RBA Governor Lowe he would prefer weaker AUD but he also cannot say that its currently overvalued
-
Chinese CPI inflation increased from -0.3% to -0.2% YoY in February (exp. -0.4% YoY). PPI increased from 0.3% to 1.7% YoY (exp. 1.5% YoY)
-
API data showed a massive 12.8 million barrel build in weekly oil inventories report (exp. -0.8 mb)
-
Bitcoin trades slightly above $53,000 handle
-
Precious metals trade lower pressured by USD strength. Silver, platinum decline more than 1% while gold drops 0.3%. Palladium gains 0.4%.
-
Oil, industrial metals and agricultural goods decline
-
USD is the best performing major currency while NZD and AUD underperform the most
Platinum is the worst performing precious metal today. Commodity is pressured by USD strengthening. PLATINUM continues pullback following a failed attempt of breaking above the upper limit of a triangle pattern. 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.
