-
Indices from Asia-Pacific traded mixed during a session today. Indices from Australia and Japan dropped while equities from South Korea and China gained
-
European index futures trade slightly below yesterday's cash close
-
Members of the European Union reached an agreement on the Russian oil embargo. Seaborne imports will be banned while pipeline imports will be exempted from the embargo. 90% of Russian oil exports to EU will be banned by the end of this year
-
Oil embargo will be a part of a larger EU sanction package that will also include removal of Russia's largest bank, Sberbank, from SWIFT system
-
Chinese manufacturing PMI improved from 47.4 to 49.6 in May (exp. 49.1) while services gauge improved from 41.9 to 47.8 (exp. 45.2)
-
Executives from Samsung and Intel met to discuss cooperation amid a global semiconductor shortage
-
Japanese retail sales increased 2.9% YoY in April (exp. 2.6% YoY)
-
Japanese industrial production dropped 1.3% MoM in April (exp. -0.2% MoM)
-
Australia's building approval dropped 2.4% MoM in April (exp. +2.0% MoM)
-
Oil is trading higher following news on EU embargo on Russian oil. Brent gains 1.4% and trades at 2-month high above $119 per barrel
-
Precious metals trade mixed - gold and silver drop while platinum and palladium gain
-
USD and AUD are the best performing major currencies while NZD and CHF lag the most
Oil jumped after EU members agreed on embargo on Russian oil. Brent (OIL) is trading over 1% higher and is testing the resistance zone marked with a late-March high in the $119-120 per barrel 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.
