-
On Friday, Wall Street closed in the green despite deep losses at the open. The Nasdaq rebounded significantly (+0.52%), while the S&P 500 and DJIA posted slight gains (+0.08%).
-
Donald Trump announced "flexibility" regarding the retaliatory tariffs planned for early April.
-
John Williams from the Fed stated that he "does not see signs of uncertainty in inflation expectations [in the U.S.]," describing the latest data from the University of Michigan as an outlier.
-
Asian and Pacific markets extended their losses amid concerns over the planned wave of U.S. retaliatory tariffs in April. The HSCEI (-0.15%), Shanghai SE Composite (-0.57%), and South Korea's Kospi (-0.3%) are all in the red, while Japan's Nikkei 225 trades flat.
-
The telecommunications services sector was under particular pressure (e.g., China Unicom -3.1%) after the U.S. launched an investigation into alleged violations of operational restrictions imposed on Chinese companies in the U.S.
-
The Bank of Japan will continue raising interest rates if inflation keeps moving toward the target, regardless of losses on its government bond holdings.
-
Preliminary PMI readings showed a significant rebound in Australia. The manufacturing index rose to 52.6 in March (previous: 50.4), while the services index climbed to 51.2 (previous: 50.8). New orders grew at the fastest pace since May 2022, along with the emergence of new businesses.
-
However, in Japan, PMI unexpectedly declined. The manufacturing index dropped to 48.3 (forecast: 49.2, previous: 49), while the services index fell to 49.5 (previous: 53.7).
-
On the FX market, the dollar gave up some of its recent gains (USDIDX: -0.05%). The Swedish krona (USDSEK: +0.4%), Norwegian krone (USDNOK: +0.25%), and Australian dollar (AUDUSD: +0.2%) gain the most. Meanwhile, the Japanese yen weakens against the dollar amid concerns over upcoming tariffs (USDJPY: +0.2%). The EURUSD rebounds by 0.2%.
-
Brent and WTI crude oil futures declined by 0.19% and 0.12%, respectively, while natural gas (NATGAS) also fell (-0.75%).
-
Iraq plans to increase oil and gas production to 6 million barrels per day by 2029.
-
Gold trades flat at $3,022 per ounce, while silver gains 0.35% to $33.15 per ounce.
-
Cryptocurrency futures rebounded strongly as risk appetite increased in U.S. and European index futures. Bitcoin rose to $86,930 (+2.13%), Ethereum to $2,065 (+3.73%), while Solana (+5.2%) and Chainlink (+5%) futures also climbed higher.
-
The key macroeconomic data releases today will be the preliminary March PMI figures for services and manufacturing.
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.