- Yesterday's session on Wall Street was driven by major technology companies, which contributed to a 1.65% rise in the Nasdaq 100, with continued weakness in stocks from cyclical industries.
- Amazon rose to a new all-time high, and Apple recorded its best session in months, gaining 4.3% after revealing the introduction of AI M4 chips into new Mac computers
- Asia-Pacific indexes closed the session mostly lower. China's Hang Seng lost more than 1.4%, and South Korea's KOSPI slid 0.86%. Japan's Nikkei and Topix rose slightly 0.3% and 0.2%, respectively, and Australia's benchmark ASX lost 0.37%.
- New Zealand's manufacturing PMI indicated 47.1 versus 49.3 forecasts, and Singapore's GDP rose 2.7% y/y versus 3% forecasts and 2.2% previously
- Japan's industrial production fell -3.9% y/y vs. -3.4% forecasts and -1.5% decline previously The seasonally adjusted reading indicated -0.6% m/m vs. -0.1% expectations and -6.7% previously.
- Precious metals gain. Silver recorded a 1.3% rally and approached $29 per ounce, and spot gold rose to historic highs; contracts traded 0.7% higher at $2384 per ounce.
- Wall Street index futures are trading marginally higher and European futures on the DAX, or FTSE, also suggest a slightly higher opening in Europe
- The U.S. dollar continues to gain, with USDIDX greenback index futures gaining more than 0.11% and EURUSD trading at 1.071.
- USDJPY is trading down slightly after reaching 153.25 where supply has once again been triggered. Minster Suzuki indicated that the bank will not rule out currency intervention, and the topic of weakening the yen will continue in the G20 framework
- Brent Crude oil is trading slightly higher, but managed to return above the psychological resistance level at $90 per barrel
- ECB's Kazak's conveyed that if nothing unexpected happens, the ECB will cut rates in June
- Bitcoin and Ethereum are up more than 1.3% and overall cryptocurrency market sentiment suggests a slight improvement, 8 days ahead of BTC's scheduled halving
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.
