-
Wall Street broke its streak of sharp declines on Friday, with major indexes closing in the green amid news that Democrats would not block the public spending bill in the Senate. The Nasdaq gained 2.61%, the S&P 500 added 2.13%, the DJIA rose by 1.65%, and the Russell 2000 closed the session with a 2.53% increase.
-
U.S. Treasury Secretary Scott Bessent considered the current correction on Wall Street to be healthy, stating that a comparable euphoria in the stock market would lead to a financial crisis. In the context of a potential recession in the U.S., Bessent added that “there is no guarantee that it won’t happen.”
-
U.S. Secretary of State Marco Rubio suggested potential bilateral talks with trade partners after the imposition of key tariffs on the U.S.
-
Donald Trump announced that he would have a conversation with Vladimir Putin on Tuesday, adding that “a lot has been done over the weekend.”
-
Indexes in Asia are gaining at the start of the week in response to better consumption data from China. The HSCEI rose by 1%, the Shanghai SE Composite by 0.3%, the Japanese Nikkei 225 by 1.2%, and the South Korean Kospi by 1.56%.
-
Retail sales in China increased by 4% in February (forecast: 3.8%), while industrial production grew by 5.9% (forecast: 5.3%). The positive impact of the data is balanced by a further decline in new property prices (-0.14% MoM, previously: -0.07%) and a higher-than-expected unemployment rate (5.4%, forecast: 5.1%, previously: 5.2%).
-
A press conference by Chinese government representatives is scheduled for today, where new measures to stimulate domestic demand will be announced.
-
Volatility in the forex market remains moderate. EURUSD is flat (1.088), the Japanese yen continues its correction (USDJPY: -0.23%), and the currencies of the Antipodes make small gains against the dollar (AUDNZD: +0.03%, NZDUSD: +0.13%). The dollar index is slightly in the green (USDIDX: +0.05%).
-
Gold gains 0.15% to $2,988 per ounce, and silver is also in the green (+0.1% to $33.83 per ounce).
-
Brent and WTI crude oil contracts rise by 0.6%, while NATGAS futures remain unchanged.
-
The cryptocurrency market is generally optimistic. Bitcoin and Ethereum contracts gain 1.1% and 0.7%, respectively. There are also gains for Polygon (+3.05%), Chainlink (+2.45%), Ripple (+1.5%), and Solana (+1.3%).
-
The key macroeconomic data for today include retail sales in the U.S.
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.
