- Wall Street indexes closed yesterday's session in positive sentiment, although they gave back some of their initial gains in the second part of the session. The S&P500 and Nasdaq100 gained around 0.5%, while the DIJA rose 0.4%.
- Dovish comments from the Fed's Raphael Bostic similarly to Monday's comments from other Federal Reserve members suggested that the Fed may extinguish the cycle at current rate levels
- The swaps market is pricing in a 60% chance of the Fed keeping rates unchanged in December and giving an 84% chance of no hike decision in November
- U.S. Secretary of State Anthony Blinken will make a trip to Israel where he will meet with Israeli army officials and top-level political leadership on October 11-13
- Asian indices had a very successful session fueled by rising hopes for a stronger stimulus package in China's economy, with the Hang Seng gaining 1.78%, the Nikkei and Topix gaining 0.77 and 0.13%, respectively, and Korea's KOSPI rising 2.35%. Nearly 0.7% higher the Australian ASX closed the session;
- Dollar index futures (USDIDX) traded at a small 0.04% gain, while EURUSD traded flat. Traders are preparing for the PPI inflation reading from the US, which exceptionally precedes this week's CPI reading
- Precious metals are trading in mixed sentiment today, with both silver and gold currently seeing little change in prices and holding near $21.8 and $1,859 per ounce, respectively
- Oil is up a modest 0.2% for Brent. Natural gas contracts are gaining about 0.8%
- Bitcoin is trading at $27,100 level. The major cryptocurrency continue to moves away from major resistance near $28,000 and loses 1% today - crypto market sentiment remains weak
- European index futures are pointing to a likely slightly higher opening after another successful Asian session and gains in US futures indices
- The third day of the International Monetary Fund summit continues today
HK.cash futures gain 0,6% today and try to breakout above 18,000 pt major resistance zone. 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.
