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: Global stocks rebound at end of volatile week

19:02 14 May 2021
  • The dollar weakened against other major currencies on Friday
  • Good moods in the stock market
  • DE30 is approaching its historic highs

European indices rose sharply higher today, as dovish comments from several central bankers managed to calm the markets again. Fed chair Jerome Powell and Andrew Bailey, Governor of Bank of England reassured that any increase in price pressure will be transitory and expected to wane as supply chains adjust to rising demand. The DE30 erased recent losses and is trading only about 100 pts below its historical highs. Meanwhile ECB minutes showed that policymakers agreed that Euro Area financing conditions had remained broadly stable since the last monetary policy meeting in March thanks to the central bank's decision to significantly increase the pace of net asset purchases under the PEPP. However, members recalled that the monetary policy meeting in June would provide the next opportunity to conduct a thorough assessment of financing conditions and the inflation outlook, as they seemed especially concerned about the firming of the euro against the dollar.

US stocks are also rising, rebounding for a second day led by technology shares even despite weak economic data. Retail sales  unexpectedly stalled in April, while analysts expected a 1% increase. However, last month the figure was upwardly revised to 10.7% as the first round of stimulus checks was sent to most households in March. Meanwhile the University of Michigan's consumer sentiment dropped to 82.8 in May  from 88.3 in April, well below market estimates of 90.4, due to rising inflation concerns. However, it seems that investors still prefer to trust the Fed's assurances rather than macroeconomic data.

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

WTI crude rose more than 2.2 % and is trading around $65.26 a barrel, while Brent is trading nearly 2.3% higher around $68.60 a barrel. Elsewhere gold rose 0.65% to $ 1,838.00 / oz, while silver is trading 0.8 % higher, around $ 27.30 / oz amid a weaker dollar. Looking at the Forex market, the New Zealand dollar appreciated 0.9% against the USD. We also saw gains on the AUD, which jumped 0.65% against the US dollar. The EURUSD currency pair rose 0.5% up, while CAD, GBP and CHF added 0.3% up in the evening hours.

The recent correction on the NZDUSD pair slowed down near the key support at 0.7125. Buyers appeared at the lower limit of the 1: 1 structure and then the upward movement continued. If the current sentiment prevails, another upward impulse towards resistance at 0.7305 could be launched. 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.

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
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
_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

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
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
_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
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
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