-
Stocks in Europe post small gains
-
Wall Street trades higher, banks gain after Fed stress test results
-
CAD leader among G10 currencies, GBP top laggard
-
Bitcoin drops below $32,000
-
US PCE accelerates to 3.9% in May
-
Corn and soybean drop on US Supreme Court ruling
Final trading session of the week was a rather calm one. Stock markets in Europe did not experience any major price moves and the majority of benchmarks from the Old Continent finished the day little changed. More upbeat moods can be spotted on Wall Street, where S&P 500 retested all-time highs. Nasdaq-100 is a laggard among US indices trading near yesterday's closing level.
US PCE inflation data, Fed's preferred price growth measure, showed an acceleration from 3.6% YoY in April to 3.9% YoY in May. Core gauge moved from 3.1% to 3.4%. Data did not trigger a major market reaction as it was in-line with expectations. USD lost some ground with EURUSD jumping above 1.1970. However, the move has been erased by now and the main currency pair trades little change on the day.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appDeclines can be spotted on grain markets, especially corn and soybean. Situation is a result of a US Supreme Court ruling that said a number of refineries may be exempt from biofuel quotas.
Precious metals trade with minor gains after erasing most of the intraday upward move. Oil gains ahead of OPEC+ meeting scheduled for next Thursday.
Cryptocurrencies paused recovery from the latest sell-off with Bitcoin dropping around 8% and pulling back below $32,000 area. Ethereum retested the $1,800 area while Ripple pulled back below $0,65.
US500 painted a fresh record high today as investors welcomed PCE print that "only" matched 3.9% forecast instead of exceeding it. Source: xStation5
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.