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: indices begin the first correction this year and gold erases initial gains 📌

18:52 12 April 2024
  • Wall Street loses on the last trading day of this week. US500 and US100 report losses of 1.70-2.00%, marking the second consecutive week of declines. The poor mood can be attributed to the escalation of conflict in the Middle East and more hawkish expectations for interest rate cuts this year.

  • Downward pressure is supported by the appreciating dollar. In global markets, we observe a flight to safe assets, including USD, GOLD, and JPY.

  • Goolsbee from the Fed expressed concerns about various inflationary pressures affecting the Federal Reserve's ability to achieve its goals. He noted Middle East instability as a potential wildcard that could negatively impact oil and gas prices.

  • Preliminary UoM data indicated worsening consumer sentiment in the USA. Moreover, forecasts for 1-year and 5-10 year inflation were above market expectations.

  • According to AL ARABIYA agency, Iranian media talk about an "inevitable attack" on government targets in Israel within the next 48 hours. However, it is noted that this information comes from unconfirmed sources.

  • The Israeli side reported that nearly 60 rockets were fired from Lebanon at border government targets.

  • In the FX market, the Japanese yen and the American dollar are currently performing the best. Currencies from the Antipodes are primarily under downward pressure.

  • Gold reverses its bullish trend in the second part of the day and is currently erasing all gains from Friday's session. Silver behaves similarly, now trading lower on an intraday basis; just before 8:00 PM, gold lost 1%; silver 0.9%.

  • BlackRock loses 2.30%, despite reporting higher 1Q24 results than market consensus. The company recorded a record AUM (assets under management) of $10.47 trillion at the end of the quarter (+15% year-over-year).

  • JPMorgan (JPM.US) reported better-than-expected results, yet the bank is down 6.30% today. Earnings per share amounted to $4.44, while revenues of $42.55 billion also exceeded market expectations.

  • Wells Fargo (WFC.US) also reported better-than-expected results, with profit and sales exceeding consensus. The bank's stock loses the least among banks, down only 0.70%. Net interest income was slightly lower than expected, as was the net interest margin.

  • In the cryptocurrency market, similar to stocks, we observe a deterioration in sentiment. Bitcoin loses nearly 3.20% and falls to $67,700. The Altcoin market and Ethereum see even larger declines, around 5.30%.

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