CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 77% 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: EURUSD drops below 1.08, BITCOIN jumps above $43,000

18:57 5 December 2023
  • Wall Street indices are trading mostly lower today - S&P 500 drops 0.1%, Dow Jones trades 0.2% lower and small-cap Russell 2000 slumps over 1.3%. Nasdaq is the outperformer with a 0.1% gain
  • European stock market indices traded higher today - German DAX jumped 0.8%, French CAC40 gained 0.7%, Dutch AEX traded 0.5% higher and Spanish Ibex moved 0.6% higher. UK FTSE 100 was a laggard and dropped 0.3%
  • German DAX closed at the highest level in history today
  • USD and JPY are the best performing G10 currencies, while AUD and NZD are top laggards
  • Precious metals are pulling back under pressure from stronger USD - gold drops 0.6%, silver trades 1.5% lower, platinum slides 2.2% while palladium slumps over 5%
  • Energy commodities are trading mixed - oil drops over 1% while US natural gas prices are up 0.5%
  • Cryptocurrencies continue to rally. Bitcoin is up 4% on the day and trades above $43,500 mark
  • US services ISM index climbed from 51.8 to 52.7 in November (exp. 52.0), driven by better-than-expected New Orders and Prices Paid subindices
  • US JOLTS report showed job openings dropping from 9.35 million to 8.73 million in October (exp. 9.30 million)
  • Final US services PMI index for November came in at 50.8, in-line with flash release
  • Reserve Bank of Australia left interest rates unchanged at a meeting today, with the main interest rate staying at 4.35% - in-line with market expectations
  • Spanish industrial production dropped 1.5% YoY in October (exp. -1.7% YoY)
  • Chinese services PMI increased from 50.4 to 51.5 in November (exp. 50.7)
  • CPI inflation in Japanese Tokyo area decelerated from 2.7 to 2.3% YoY (exp. 2.4% YoY)
  • Moody's affirmed China's A1 rating but changed the outlook from 'stable' to 'negative'
  • Russian deputy prime minister Novak said that Russia will start reducing oil and fuel supplies under OPEC+ agreement as early as in December

BITCOIN continues to rally. Cryptocurrency gains 4% today, climbs above the $43,500 mark and trades at the highest level since early-April 2022. Source: xStation5

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 935 000 investors from around the world