CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Daily summary: COFFEE hits new highs, ALUMINIUM gains more than 1.6% amid metal supply concerns

19:28 16 September 2024
  • U.S. indexes are having a mixed session today. The S&P 500 remains near the previous session's opening price, the Dow Jones gains 0.4%, the Nasdaq 100 loses almost 0.6%, and the Russel 2000 continues its 0.3% gains. 
  • Growing concerns about demand for new iPhones are pushing Apple's stock price down nearly 3% today. Along with the company, its suppliers are losing today, including Broadcom (-2.6%), Skyworks (-6.3%), Qorvo (-7%) and Cirrus Logic (-6.2%). 
  • Intel is gaining nearly 4% today following news that the company has received a grant worth about $3.5 billion to produce semiconductors for the Pentagon. 
  • Europe was dominated by slight declines today. Germany's DAX lost 0.35%, France's CAC40 about 0.2%, Italy's IT40 closed near its previous closing price, and the Stoxx Europe 600 lost about 0.2%. 
  • As the Fed approaches a potential interest rate cut, U.S. bond yields are falling. Yields on 10-year bonds fell to 3.6%, the lowest since mid-2023. Yields on 10-year German bonds also recorded declines, falling to 2.1% (-0.026 p.p. ). 
  • The NY Empire State industrial index turned positive for the first time since November 2023. The reading pointed to 11.5 (vs. forecasts: -4 and values for August: -4.7). 
  • The price of coffee contracts hit the $260 level today, breaking through the 2022 peaks and recording the highest value in more than 13 years. 
  • In the face of crop concerns along with hurricane risk and lower production forecasts, COTTON contracts continue its increases, gaining more than 4% today. Among other agricultural commodities, high gains are also seen in cocoa contracts (+1.3%), while wheat is down -2.3%.
  • The accident at the Vandeta alumina refinery in India has put further pressure on aluminum supply. As a result, contracts for the metal are up 1.6% today.
  • Oil prices are gaining in today's session despite weak economic data from China. Crude prices are still under pressure from supply constraints from the Gulf of Mexico and Libya. OIL is up almost 1% today, and OIL.WTI is up 1.4%.
  • NATGAS is up more than 3% today, breaking through the $2.38 level and thus setting the highest value since July this year. 
  • Among the G10 currencies, the British pound (+0.6%) and the Australian dollar (+0.6%) The New Zealand dollar (+0.5%) and the Norwegian krone (+0.5%) are the best performers.The U.S. dollar, however, is losing (-0.4%).
  • Weak sentiment persists in the cryptocurrency market. Bitcoin is losing 3.3% and testing $57,700. Ethereum is also down more than 3%.

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.

Back
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language