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: Wall Street extends bullish upswing

19:04 12 September 2024

 

  • European indices posted upward sessions today. The DAX ended the day with more than 1% gains, France's CAC40 gained 0.5%, Italy's IT40 rose nearly 0.6%, and the Stoxx Europe 600 recorded a 0.6% gain. 
  • Wall Street indices are also trading up, led by the Nasdaq 100 with nearly 1% upside. The S&P 500 is up 0.8% today, and the Dow Jones is up 0.5%. 
  • Unity Software is gliding 11% today after the company's decision to drop its controversial Runtime Fee. Kroger is also up after releasing better-than-expected results on the margins. 
  • Data released today on new jobless claims in the U.S. came in higher than forecast, recording a 1% increase from earlier in the week. 
  • PPI inflation in the U.S. on a monthly basis came in slightly above expectations. At the annual level, PPI remained stable. A huge contribution to the decline in core PPI inflation came from energy prices, most notably oil.
  • Antipodean currencies are currently posting the largest appreciation in the FX market. However, the Japanese yen and the Canadian dollar are under downward pressure. 
  • The European Central Bank cut its key deposit rate by 25 basis points, as expected. The overall tone of the ECB's comments remained mixed, and bankers, in the face of continued poor economic data from Europe, are not ruling out another cut as early as October, although this scenario seems less likely.
  • Gold prices climbed to new historic highs today, extending a multi-month uptrend. The bullion is currently gaining 1.6%, while silver is adding 3.7%. 
  • Natural gas and oil are also doing very well in the commodities market. Uncertainty over Hurricane Francine has propelled NATGAS prices 4.3% higher, while WTI crude oil is up 2.5%. 
  • Ajit Jain, an insurance executive at Berkshire Hathaway, sold more than half of his stake in the company, according to a new SEC regulatory filing.
  • In the crypto market, investors' attention was captured today by Ripple, which gained as much as 10% after the announcement that Grayscale had created its first XRP trust fund.  

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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