-
US indices finished yesterday's session significantly lower. S&P 500 dropped 2.11%, Dow Jones moved 1.54% lower and Nasdaq slumped 2.84%. Russell 2000 finished 2.35% lower
-
Interestingly, declines came in spite of a weakening of the US dollar yesterday. US 10-year yields hold below 3.8%
-
Indices from Asia-Pacific traded lower as well. Nikkei dropped 2.1%, S&P/ASX 200 moved 1.1% lower and Kospi traded 0.3% down. Indices from China traded 0.1-0.7% lower
-
DAX futures point to a flat opening of the European cash session
-
GBPUSD continued recovery and jumped above 1.11 handle, erasing most of declines made since 'mini-budget' announcement last Friday
-
Local governments allowed for relaxation of mortgage rate limits in almost two dozen Chinese cities, in an attempt to support property market
-
Fed Daly said that US interest rates got to neutral levels. She also said that a deep recession is neither warranted, nor necessary
-
Chinese Caixin/Markit manufacturing PMI jumped from 49.4 to 50.1 in September (exp. 49.5) while services gauge dropped from 52.6 to 50.6 (exp. 52.4)
-
Japanese industrial production increased 2.7% MoM in August (exp. 0.2% MoM). Retail sales increased 1.4% MoM (exp. 0.2% MoM)
-
Japanese unemployment rate dropped from 2.6 to 2.5% in August (ex. 2.5%)
-
Australian private sector credit increased 0.8% MoM in August (exp. 0.6% MoM)
-
Cryptocurrencies are trading mostly higher today but the scale of moves is small. Bitcoin and Ethereum gain 0.2% each while Ripple lags and drops 1.5%
-
Energy commodities are trading slightly lower with Brent dropping 0.3% and WTI moved 0.5% lower
-
Precious metals trade higher - gold gains 0.4% while silver jumps 0.7%
-
GBP and EUR are the best performing major currencies while NZD and CAD lag the most
Nasdaq-100 (US100) slumped yesterday but bulls managed to prevent a drop below the 11,200 pts support zone. However, price action recently has been ugly and another attempt at breaking below cannot be ruled out. 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.
