US stocks have started the cash session in upbeat moods following an indecisive European session, and are on track to recover some of Friday’s losses. The US ISM rebounded quite strongly to 50.9 from 47.8 points in December (revised up from originally reported 47.2 points) on new orders and higher prices. That’s a good sign for sure, but obviously this improvement doesn’t factor in any impact of the virus. The mood can be volatile depending on new information arriving from China.
The US manufacturing improved in January. Services data will be published on Wednesday. Source: Macrobond, XTB Research
Market wrap: European stocks attempt to stabilize despite the surge in oil prices 🔍
Economic Calendar: U.S. Unemployment Claims in spotlight (12.03.2025)
Morning Wrap: Conflict Escalation Pushes Oil to $100 (12.03.2025)
Daily summary: Oil still pressures Wall Street despite favorable CPI data 🗽
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
