-
Global stocks below the flatline
-
Natural gas plunges as much as 11%
-
Negative interest rates headlines after BoE’s announcement
After yesterday’s Fed announcement, sentiment on global stock markets got significantly worse. European equities finished the day below the flatline. DAX lost 0.36% while CAC 40 sank 0.69%. Italian blue-chip index fell more than 1%. U.S. markets opened in the red territory as well. Tech stocks lag the most as Nasdaq plunged over 2% at press time.
As far as commodities are concerned, natural gas sees some huge swings today as it plunges roughly 11%. Oil prices tend to push higher with both Brent and WTI above $40 a barrel. Precious metals are trading slightly below the flatline. The pound dived after the BoE’s announcement (and negative rates headlines) but managed to erase losses.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appToday’s calendar was full of key events. Both BoJ and BoE kept interest rates unchanged. As Bank of England mentioned possible negative interest rates, GBP fell shortly after the announcement. New Zealand released its Q2 GDP report - country’s economy shrank 12.2% (vs exp. 12.8%). Australian unemployment rate in August came in below expectations (6.8% vs exp. 7.7%) while U.S. jobless claims fell to 860k.
Friday will bring crucial retail sales reports form the UK (7 am BST) and Canada (1:30 pm BST). In the afternoon Russian central bank will release its interest rate decision. Investors might also pay attention to Michigan Consumer Sentiment from the United States as well as Baker Hughes oil rig.
The pound tumbled amid headlines on negative interest rates. Nevertheless, the currency managed to erase some losses and climbed as much as 1.2998 in the afternoon. 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.
