-
Wall Street finished the session positively, with the PCE inflation report matching expectations acting as a catalyst for today's gains. The US500 gained 0.45% to 5092 points, and the US100 increased by 1.00%, surpassing 18,000 points.
-
European indices had a mixed session, but the DAX rose 0.55% to 17,700 points.
-
The PCE report met market expectations, easing investor fears of negative surprises similar to recent CPI readings, improving sentiments and weakening the dollar. Detailed data include:
- Headline Inflation: 2.4% vs. 2.4% forecast vs. 2.6% previously (0.3% month-over-month vs. 0.3% forecast and 0.1% previously)
- Core Inflation: 2.8% vs. 2.8% forecast and 2.9% previously (0.4% month-over-month vs. 0.4% forecast and 0.2% previously)
-
Unemployment claims were slightly higher than analysts' expectations but remain low, indicating a strong US job market. The actual data showed 215,000 new claims last week compared to 210,000 forecasts and 201,000 previously.
-
The dollar recovered some of its earlier session losses and is now trading with little change. EURUSD fell 0.30% to 1.0803.
-
German footwear manufacturer Birkenstock (BIRK.US) exceeded analysts' revenue forecasts for the holiday quarter but couldn't sustain Wall Street's optimism, losing 8% post-quarterly results.
-
C3.ai (AI.US) saw its market capitalization surge over 24% after reporting better-than-expected financial results for the third quarter and an optimistic revenue forecast. C3.ai revised its full-year fiscal 2024 revenue forecast to between $306 million and $310 million, up from earlier estimates of $295 million.
-
The EIA's natural gas inventory report showed a larger-than-expected decline, indicating a decrease of -96 bcf compared to -86 bcf forecasted and -60 bcf previously.
-
Cryptocurrencies remain high due to positive capital inflows into ETF funds. However, at the time of publication, Bitcoin has lost 3.00%, dropping to $60,600. Ethereum sees smaller declines, and altcoins collectively gain just over 2.00% in market capitalization.
-
Among smaller projects, Solana stands out, initially recording a 15% increase, now reduced to 7% at $127.
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.
