-
In China, investor sentiment remains weak despite a slight rebound of 0.40-0.50% in stock indices today. Japan's JP225 index is also losing ground, trading around 39,000 points, down almost 1.20%. Meanwhile, Australia's index is trading without significant changes.
-
American stocks ended yesterday's session on a positive note, unlike other major global indices. The US500 closed around 5,890 points, while the US2000 remained within a narrow range between 2,300-2,305 points, still attempting to break above a key resistance zone.
-
The strongest currency in the first part of the day is the Australian dollar, gaining strength after lower-than-expected unemployment data. AUDUSD is up 0.40%, reaching 0.66940. On the other hand, the weakest currency is the Swiss franc, losing between 0.2-0.4% against other currencies. Forex market volatility is not significant.
-
Employment in Australia exceeded forecasts for the sixth consecutive month in September, achieving the highest increase since February 2024. The number of employed people rose by 64.1 thousand, against an expectation of 25.2 thousand. The unemployment rate came in slightly below expectations at 4.1%, compared to the forecast of 4.2% and the previous rate of 4.2%.
-
Labor market data once again surpassed expectations, indicating the strength of the sector. Following the report, investors lowered their expectations for interest rate cuts by the RBA, and the Australian dollar rose by 0.70% to 0.67100 USD.
-
Today, we also received trade balance data from Japan. Japan reported a trade deficit of 294.3 billion yen (2 billion USD) in September. Exports fell by 1.7% year-on-year, against expectations of a 0.50% increase. Imports rose by 2.1% year-on-year, while analysts had forecast a 3.2% year-on-year rise.
-
Oil (OIL.WTI) continues its decline, driven by weak future outlooks and the de-escalation of the Middle East conflict. Oil prices are down nearly 0.80% today, testing the support levels around 70 USD per barrel once again.
-
Gold extends yesterday's rise to a record level of 2,685 USD per ounce (+0.40%).
-
The latest presidential poll by FOX News shows former President Trump ahead of Vice President Kamala Harris 50% to 48%. Just 20 days before the election, the situation is reversed compared to last month, when the Democratic candidate was leading.
-
China announced a new property market stimulation plan on Thursday. At a briefing, Housing Minister Ni Hong said China will expand the whitelist of real estate projects and accelerate bank lending for these unfinished developments to 4 trillion yuan (US$561.8 billion) by the end of the year. A total of 2.23 trillion yuan has already been approved as loans to developers, a figure that is expected to double to 4 trillion yuan by the end of 2024.
-
Bitcoin is down by 0.30%, remaining within the range of 67,000-68,000 USD. Slightly higher gains are seen in Ethereum, which is up by 1.00%, reaching 2,640 USD. The rest of the altcoin market is trading without major changes, with a total market capitalization of around 620 billion USD.
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.
