-
Stocks in Asia are trading mixed at the beginning of a new week. Nikkei trades 0.8% lower, S&P/ASX 200 gained 0.3%, Kospi drops 0.5% and indices from China trade higher
-
DAX futures point to a more or less flat opening of the European cash session
-
US futures trade lower after the weekend
-
Taiwan stock index dropped over 3% following jump in coronavirus cases over the weekend and tightening of restrictions. Prime Minister asked relevant authorities to prepare to stabilise equity and FX markets
-
Cryptocurrencies slumped over the weekend after Elon Musk suggested via Twitter that Tesla may sell or may have already sold its Bitcoin holdings
-
Chinese industrial production increased 9.8% YoY in April (exp. 9.8% YoY), retail sales were 17.7% YoY higher (exp. 24.9% YoY) while urban investments rose 19.9% YoY (exp. 19.1% YoY)
-
Kia and Hyundai will halt some car production for 2 days due to chip shortage
-
Precious metals, oil and industrial metals trade higher. Agricultural goods trade mixed
-
USD and EUR are the best performing major currencies while NZD and AUD lag the most
BITCOIN plunged over the weekend on the back of Elon Musk's remarks. The main cryptocurrency dipped below previous local low at $46,600 and is now testing 61.8% retracement of the upward impulse launched in late-January ($42,500). 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.
