-
Wall Street indices finished yesterday's trading lower - S&P 500 dropped 0.17%, Dow Jones moved 0.66% lower while Nasdaq added 0.18%. Small-cap Russell 2000 dropped 0.84%
-
Debt ceiling meeting between US President Biden and congressional leaders has been postponed until next week. However, US House Speaker McCarthy said that it does not mean talks have fallen apart and that staff-level discussions are ongoing
-
Politico reports that US Treasury Secretary Yellen will meet with top Wall Street bankers next week, including JPMorgan and Citigroup CEOs. Discussions are likely to be about avoiding debt default
-
Indices from Asia-Pacific traded mostly lower today - Kospi dropped 0.6%, Nifty 50 traded 0.1% lower and indices from China were trading as much as 0.9% lower. Australian S&P/ASX 200 traded flat while Japanese Nikkei gained almost 1%
-
DAX futures point to a higher opening of the European cash session today
-
Ukraine, Russia, Turkey and UN held discussions on extending Black Sea grain initiative on Thursday but no deal has been reached yet
-
US Energy Secretary Granholm said that purchases to refill Strategic Petroleum Reserves may begin after June
-
Reserve Bank of New Zealand lowered its 1-year inflation expectations from 5.11 to 4.28% while 2-year expectations dropped from 3.3 to 2.79%
-
New Zealand's manufacturing PMI jumped from 48.1 to 49.1 in April (exp. 50.7)
-
Major cryptocurrencies are trading lower today - Bitcoin and Litecoin drop 1.5% each, Ethereum drops 1.7% and Dogecoin trades 0.3% lower
-
Energy commodities trade lower with oil dropping 1% and US natural gas prices declining 1.2%
-
Precious metals trade lower - gold drops 0.2% while silver and platinum trade 0.6% lower
-
EUR and CHF are the best performing G10 currencies while NZD and JPY lag the most
NZD is the worst performing G10 currency after new inflation expectations from RBNZ show progress on inflation and hinted that significant tightening may not be needed. NZDUSD deepens pullback launched after a failed attempt of breaking above 0.6365 area. 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.
