CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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. 80% 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. 80% 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.

Morning wrap

06:27 1 June 2020
  • Stocks in Asia-Pacfic region are trading higher at the beginning of a new week. Nikkei and S&P/ASX 200 gain around 0.7% while indices in China trade 2-3% higher. S&P 500  futures trade flat

  • Donald Trump refrained from announcing major action against China on Friday. However, he announced that United States will part ways with WHO

  • Total number of confirmed coronavirus cases increased to 6.26 million while 373.9 thousand people died. 2.85 million people recovered from the disease. More than 100,000 new cases were reported in each of the previous 5 days

  • Official Chinese PMIs for May showed 53.6 pts for services (exp. 53.5 pts) and 50.6 pts for manufacturing (exp. 51.1 pts). Private data showed manufacturing gauge at 50.7 pts (exp. 49.6 pts)

  • Riots in the United States have spread to over 30 cities over the weekend and the National Guard has been called for assistance. Some cities even decided to halt public services for the weekend due to rioters. Protests were sparked by the killing of a civilian by a police officer.

  • Reports suggest that OPEC+ may hold a meeting this week (one week earlier than planned). Producers may discuss extending current output cut agreement by 1 or 2 months

  • South Korean exports dropped 23.7% YoY in May (exp. -22.1% YoY)

  • UK Chancellor of the Exchequer Sunak is said to be working on an emergency budget bill

  • Apple said that stores in Tokyo, Japan will start reopening from Wednesday

  • Precious metals gain along with industrial metals. Energy commodities pull back a bit. Grains trade higher

  • AUD and NZD lead among majors while USD, CHF and JPY lag the most

Coronavirus pandemic is far from over. More than 100,000 new cases were reported in each of the previous 5 days! Source: worldometers, XTB

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 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. X-Trade Brokers Dom Maklerski 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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