Morning wrap (22.12.2021)

9:59 am 22 December 2021

  • US stock markets were recovering from a recent sell-off yesterday. S&P 500 gained 1.78%, Dow Jones moved 1.60% higher while Nasdaq rallied 2.40%. Russell 2000 spiked 2.95%

  • Majority of indices from Asia gained as well but scale of gains was much smaller than in the United States. Nikkei and S&P/ASX 200 gained 0.1%, Kospi moved 0.3% higher while indices from China traded mixed

  • DAX futures point a flat opening of the European cash session today

  • US Army said that it is confident it has developed a vaccine that will be effective against all coronavirus variants. US military worked on the vaccine for 2 years and the vaccine has different features than currently available products

  • Oxford and AstraZeneca are working on an Omicron-targeted vaccine

  • UK Prime Minister Johnson said there is not enough evidence to support imposing Christmas lockdown

  • Russia did not book any Yamal pipeline gas transit capacity for today

  • API report signalled a 3.67 million barrel drop in US oil inventories (exp. -2.5 mb)

  • Cryptocurrencies trade little changed on the day. Bitcoin tested $49,500 area during the Asian session but has pulled back to $49,000 since

  • USD and CAD are the best performing major currencies while NZD and AUD lag the most

  • USDTRY holds onto recent gains and trades near 12.30 mark - 33% below daily high from Monday

  • Precious metals are trading lower while industrial metals gain. Oil trade mixed - Brent drops slightly while WTI ticks higher

Russell 2000 (US2000) rallied almost 3% yesterday as indices from Wall Street launched recovery after a recent sell-off. US small-cap index bounced off the lower limit of this year's trading range at 2,130 pts. A double bottom was painted in the area with the neckline of the formation being marked by a 2,185 pts handle. 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.

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world.