- American indices are rising despite the market still living with the risk of a potential shutdown. Investors seem to believe that any fiscal turbulence won't halt the growth. Russell 2000 is performing the best in the USA, signaling a high appetite for risk, and the index itself has been undercapitalized.
- In the American stock market, Palantir stood out negatively, with its shares dropping by about 5%. The reason was reports of problems with prototypes, which sowed doubts among investors.
- On European exchanges, growth is also dominant, and investors maintain a positive sentiment. This shows that despite concerns about the economy, markets remain optimistic. FTSE100 reached a new all-time high. However, not all European exchanges are moving in the same direction. There are a few exceptions where indices end the day slightly down. WIG and DAX are lagging, losing 0.3%.
- Signals from China indicate readiness for massive investments in the USA. The proposal would be part of a broader agreement under which some trade restrictions would be eased.
- European service PMI data fell below analysts' expectations. Nevertheless, values mostly remain above the neutral level. In many countries, the service sector shows signs of resilience, giving investors hope for a soft landing of the economy.
- The situation is worse in the eurozone industry, where PMI readings disappointed. The declines were deeper than forecasted, signaling further weakening of production.
- In the USA, the services PMI performed better. The reading confirmed that the American economy still shows significant strength in this segment. ISM data from the American economy disappointed and fell below expectations.
- In the commodities market, copper is rising strongly, with its price increasing by over 2%. Investors see this as a signal of improved demand prospects. The price of the commodity is close to all-time highs.
- Precious metals continue their series of gains, recording another successful day. Platinum and silver rose by about 2% today.
- In the commodity market, cocoa is struggling, losing over 4%. Supply pressure dominated trading and led to another sharp sell-off. Meanwhile, coffee is up by about 2%.
- Positive sentiment also persists in the cryptocurrency market. Investors are once again increasing their engagement in digital assets. Binance Coin stands out the most, rising by over 5%. Bitcoin is also rising, with a 2% increase, the token is again very close to its all-time high.
- In the currency market, the dollar and yen are clearly losing value. The British pound is performing better.
Bitcoin surges 2% approaching ATH levels 📈
BREAKING: China signals readiness for record investments in the US 🗽
Copper on the raise, close to ATH again! 📈🏗️
Emission contracts surge upwards! 📈🏭
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