-
US indices finished yesterday's trading lower. S&P 500 dropped 1.03%, Dow Jones moved 1.11% and Nasdaq dropped 0.60%. Russell 2000 moved 1.41% lower
-
In spite of a poor Wall Street session, indices from Asia-Pacific traded higher today. S&P/ASX 200 gained 0.3%, Nikkei added 0.4% while indices from China traded up to 0.7% higher. Kospi was a laggard and dropped 0.8%
-
DAX futures point to a slightly higher opening of the European cash session
-
According to Reuters report, Chinese authorities asked brokers and fund managers to purchase domestic stocks in order to help stabilize markets ahead of Communist Party Congress
-
Fed Mester said that restrictive levels of rates may be needed for some time and that more rate hikes should come. She said that current policy rate may be just below restrictive levels now
-
Japanese yen is among G10 top laggards after BoJ conducted unscheduled bond buying auction
-
GBPUSD recovered most of the losses made after the BoE statement yesterday in the afternoon. Bank of England said that it does not plan any emergency intermeeting moves and that full assessment of new UK fiscal measures will come at the next meeting in November
-
World Bank lowered 2022 GDP growth forecast for China from 5.0 to 2.8%
-
Chinese industrial profits dropped 2.1% YoY in January-August period
-
Cryptocurrencies are on the rise with Bitcoin trading 5.4% higher on the day and returning to $20,000 area
-
Commodities benefit from USD weakening. Oil trades 1.5% higher while gold jumped 0.7%
-
GBP and NZD are the best performing G10 currencies while USD and JPY lag the most
GBPJPY managed to recover most of the losses yesterday and painted a candlestick with long, lower shadow in the vicinity of an important price zone (154.00). Rebound is being continued today but the pair is yet to retest yesterday's daily highs in the 157.20 area. 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.
