-
Indices from Asia-Pacific traded mostly lower today. Nikkei dropped 1%, S&P/ASX 200 moved 0.2% lower, Kospi traded 0.4% down and Nifty traded little changed. Indices from China traded mixed
-
Chinese real estate stocks traded higher today on reports that China prepares a rescue package to bail out property sector
-
European index futures trade slightly above last week's cash closing prices while US index futures trade slightly lower
-
Fed's Waller said that the recent lower-than-expected CPI report was just one data point and the central bank wants to see more data like that before altering policy. Waller said, however, that recent FOMC decision was meant to signal possibility of a 50 bp rate move in December
-
US Treasury Secretary Yellen said that price cap on Russian oil will also benefit China, India and all other purchasers as it will give more leverage to negotiate lower prices
-
International Monetary Fund said that outlook for the global economy got gloomier on the back of tighter monetary policy, weakening momentum in China as well as energy and food crises stemming from Russia-Ukraine war
-
BoJ Governor Kuroda once again said that sharp FX moves are undesirable but also stressed that Japanese financial system remains resilient
-
US President Biden and Chinese President Xi are set to meet at G20 summit today. This will be the first in-person meeting of the two since Biden became US President
-
Russian President Putin will not attend G20 summit in Bali, Indonesia
-
Morgan Stanley expects the global economy to grow 2.2% next year. Bank expects the United States to narrowly avoid recession next year. Morgan Stanley also expects US CPI to drop below 2.0% by the end of next year
-
Goldman Sachs sees US core inflation to decelerate to 2.9% by the end of 2023
-
Cryptocurrencies traded lower on reports that some of dubious transfers were made out of FTX exchanges and on reports of troubles at more crypto exchanges. Bitcoin trades 3% lower and drops below $16,000 mark
-
Energy commodities traded without a common direction with natural gas trading higher and oil price dropping
-
Precious metals are pulling back as comments from Fed's Waller provided a boost for USD
-
NZD and JPY are the best performing major currencies while CHF and GBP lagged the most
Recovery rally on GOLD took a pause today as US dollar strengthened on the back of Fed's Waller comments. Precious metal is pulling back and attempting to make a break below the $1,760 price 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.
