- US indices finished yesterday's trading lower. S&P 500 fell 0.72%, Dow Jones closed around the flatline and Nasdaq dropped 1.71%. Russell 2000 plunged 1.96%
- Negative sentiment prevails in Asia. Nikkei fell 1.04%, S & P / ASX 200 dropped 0.42% and Kospi lost 0.60%. Indices from China also moved lower
- DAX futures point to a lower opening of the European cash session
- Fitch downgraded China Evergrande and Kaisa Group, defining them restricted default
- PBOC Governor Yi Gang said Thursday rights of Evergrande shareholders and creditors would be "fully respected"
- PBOC also said the risk caused by a few Chinese real estate companies in the short term would not undermine Hong Kong's capital market.
- Japanese scientists found that omicron is 4.2 times more transmissible than the delta, and has a higher chance of escaping immunity built naturally and through vaccines.
- IMF said that a more transmissible virus variant such as Omicron could cost the global economy a further $5.3 trillion, in addition to the current projected loss of $12.5 trillion.
- Biden said the US is preparing "additional measures" against Iran as nuclear talks falter
- Toyota has shut down production lines at two assembly plants due to supply chain problems
- Beer is being rationed in Australia due to supply chain disruption
- Japan PPI in November +0.6% m/m (vs. expected 0.3%) & +9.0% y/y (expected 8.5%)
- New Zealand retail card spending for November +9.6% m/m (prior +10.1%)
- Bitcoin dropped below $48,500 handle, while Ethereum is approaching $4100 level
- Oil move slightly higher, while precious metals pulled back
- AUD and EUR are the best performing majors. NZD and CHF lag the most
Silver price dropped below $22.00 per ounce, a level not seen since late September amid a stronger dollar. If current sentiment prevails, next support at $21.50 may be at risk. 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.
