-
On the first day of the new week, indexes in the Asia-Pacific region are trading mixed.
-
The Chinese market is seeing a slight rebound, with indices gaining between 0.15-0.25%. In contrast, Australia's S&P ASX 200 is leading the declines, losing 0.50%. Japan's Nikkei 225 loses 0.05%.
-
Futures on the Old Continent are pointing to a lower opening of the cash session, as are index futures from the US. The US500 and US100 are losing 0.40% and 0.50%, respectively.
-
Japan's year-on-year producer price index (PPI) came in at 0.8%, compared to forecasts of 0.9% and 2.0% a month earlier. On a month-on-month basis, the PPI recorded a decline of -0.4%, compared to a forecast of 0% and -0.3% a month ago.
-
The United States conducted two more airstrikes in Syria against facilities used by Iran's Islamic Revolutionary Guard Corps and affiliated groups in response to continued attacks on US forces in Syria and Iraq.
-
Goldman Sachs revised its stance on Chinese stocks by lowering its recommendation of Chinese companies. The bank cited low earnings growth and a potential reduction in the companies' attractiveness due to factors such as a slowdown in the housing sector and high debt levels.
-
This week, on November 15, there will be a meeting between US President Joe Biden and Chinese leader Xi Jinping. It will be the first face-to-face meeting in a year at the Asia-Pacific Economic Cooperation summit in San Francisco. Markets expect warming relations between the two major powers.
-
In the first part of the day in the forex market we do not see much change, but the dollar behaves slightly weaker against most currency pairs. Nevertheless, the USDJPY is gaining 0.20%, and the rate is trading at 151,700.
-
US bond yields are gaining to the level of 4.66%.
-
The cryptocurrency market is seeing a slight correction. Bitcoin retreats 0.50% to the $36600 level, as does Ethereum, which is trading at $2045.
-
Over the weekend, we saw relatively larger increases on altcoins against Ethereum and Bitcoin.
The Japanese yen is losing to the U.S. dollar today, with USDJPY gaining 0.20% to the level of 151.750. The rate is on the verge of its last peak at the end of October 2022, when USDJPY set its maximum at 151.800, followed by BoJ intervention. Source: xStation 5
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.
