- Wall Street indices rallied on Friday after Fed Chair Powell said that it is time to adjust rates during his Jackson Hole speech
- S&P 500 gained 1.15%, Dow Jones moved 1.14% higher, Nasdaq jumped 1.47% and small-cap Russell 2000 rallied over 3%
- Indices from Asia-Pacific traded mixed today - Nikkei dropped 1%, S&P/ASX 200 rallied 0.7%, Kospi declined 0.3% and Nifty 50 jumped 0.6%. Indices from China traded mixed
- European index futures point to a flat or slightly lower opening of today's cash session for major stock market indices from the Old Continent
- Oil is trading slightly higher at the beginning of a new week on Middle East tensions. Hezbollah launched a big missile attack on Israel over the weekend over killing of its senior commander in Beirut, Lebanon at the end of July
- Israel said that it has launched preemptive strikes on Hezbollah's missile launchers when it notice that the group is preparing to launch an attack
- Meanwhile, Axios reported that the latest round of Gaza ceasefire negotiations in Cairo, Egypt ended without an agreement
- Liquidity conditions during the European trading session are expected to be thinner today as UK traders are off for summer bank holiday
- Major cryptocurrencies pull back at the start of a new week - Bitcoin drops 0.7%, while Ethereum and Dogecoin drop around 1.3% each
- Precious metals trade little changed - gold trades flat, silver drops 0.4%, platinum declines 0.2%, while palladium adds 0.2%
- USD and JPY are the best performing major currencies, while AUD and NZD lag the most
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.
