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 gain despite strong dollar 💰

20:03 8 December 2023
  • Wall Street stock indices are performing well on the last day of the week, gaining about 0.30-0.40%. The S&P 500 is trading above 4600 points, just below this year's highs of 4630 points.

  • Investors in Europe were even more upbeat, with Germany's DAX reaching new all-time highs and Poland's WIG20 once again attacking the 2300-point zone.

  • In the FX market, the Canadian dollar and the U.S. dollar are currently performing the best. The largest declines are seen in the New Zealand dollar and the Swiss franc.

  • The University of Michigan's consumer sentiment report showed a significant increase in sentiment with a simultaneous drop in inflation expectations. The data turned out to be exceptionally positive, exceeding analysts' expectations.

  • The NFP report from the U.S. job market again diverged from ADP, showing a larger-than-expected employment increase of 199,000. Forecasts anticipated a rise to 183,000 from 150,000 in October.

  • The NFP report indicates the strength of the U.S. job market. Moreover, the unemployment rate fell to 3.7%, and there was also a 0.4% month-over-month wage increase.

  • Gold prices (GOLD) are falling during today's session by nearly 1.5%, dropping below the 2000 dollar per ounce barrier due to stronger-than-expected non-farm employment data in the U.S.

  • In the cryptocurrency market, we are observing another wave of increases. This time, capital has clearly started to flow from Bitcoin to smaller projects. Smaller projects are approaching a key level (Total3) of 450 billion dollars in market capitalization, thus recording a 50% increase this year. Today, investors' attention is mainly drawn to Cardano, which gains over 18%.

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.

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