- European indices finished today’s session in mixed moods, with DAX closing 0.63% higher, while CAC40 and DAX fell 0.23% and 0.45% respectively;
- US indices swing between gains and losses during another volatile session. Dow Jones trades 0.5% higher, S&P500 rose 0.20%, while Nasdaq dropped 0.45%;
- Former Fed Chair Bernanke said the current central bank leaders were too slow to react to surging US inflation and as a result face a period of stagflation;
- Putin has signaled Russia could tolerate Finland and Sweden joining NATO but warned that the Kremlin would respond if the alliance installed military bases or equipment in either country, according to Financial Times;
- Westpac expects three more 50 bps hikes from the RBNZ
- Precious metals took a hit during European session, however later on buyers managed to regain control;
- Oil price jumped to new local highs despite much weaker growth from China in retail sales and industrial production as a result of the Covid slowdown. Brent crude trades around $114,33 per barrel, while WTI price rose to $112.10 per barrel;
- Wheat price jumped more than 5.0% amid India export ban
- CAD and AUD are the best performing major currencies while CHF and USD lag the most;
- Despite improved moods on Wall Street, major cryptocurrencies are trading lower. Bitcoin trades around $29,600 while Ethereum approached $2000 level;
Bullish momentum seen of Friday faded away at the beginning of new week and mixed moods can be observed on both European and US markets. Increased volatility prevailed across almost all asset classes on Monday, however wheat recorded biggest price movements after India introduced export ban over the weekend. Gold is trying to regain ground after breaking below $1,800 level, while WTI crude jumped above $112.00 per barrel.
Gold briefly dropped below $1790 during today's session, however, the drop was quickly erased and a hammer candlestick pattern may be forming at an important price zone. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis 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.
