Morning wrap (31.12.2021)

9:35 am 31 December 2021

• US indices finished yesterday's session lower. The Dow Jones fell 0.25%, S&P 500 dropped 0.3% and Nasdaq lost 0.16%.

• US stocks are set to cap another strong year, with the S&P 500 and Nasdaq up more than 20%, while the Dow gained about 19% in 2021

• Mixed moods prevail in the Asian markets today. Nikkei and Kospi are both closed, DJ New Zealand lost 0.46%. Indices from China struggled to find common direction

• German, Spanish and Italian markets are closed, while French and UK markets are scheduled for an early close

• President Biden made clear during yesterday's phone call with president Putinthat, the US and its allies and partners will respond decisively if Russia further invades Ukraine

• US cruise line stocks took a hit yesterday after the CDC discouraged Americans from taking cruises, while US-listed Chinese firms rallied sharply on year-end buying. 

• China PMIs  for December. Manufacturing 50.3 (expected 50.1) & Services 52.7 (expected 53.1)

• South Korea’s consumer prices rose 3.7% in December, above markets expectations of a 3.6% increase and remaining at a decade high

• South Africa says its Omicron wave has passed its peak with no big spike in deaths

• Oil and precious metals move slightly higher

• Bitcoin is trading around $47400 while Ethereum rose slightly to $3730

• AUD and CAD are leaders among major currencies while CHF and EUR lag the most

CHNComp fell sharply this year due to government crackdown on major Chinese tech companies, however it seems that buyers managed to halt declines at the lower limit of the 1:1 structure around 8155 pts. 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.

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world.