CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. 79% 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. 79% 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

06:42 12 August 2020
  • US indices erased gains and turned lower at the end of yesterday's session. S&P 500 declined 0.80%, Dow Jones dropped 0.38% while Nasdaq slumped 1.69%

  • Downbeat moods extended into Asian trading with S&P/ASX 200, Kospi and Nifty declining. Nikkei is trading slightly higher. Indices from China drop

  • DAX futures point to lower opening of the European session

  • Reserve Bank of New Zealand left interest rates unchanged but decided to boost asset purchase programme from 60 to 100 billion NZD

  • Trump said the US has struck an agreement with Moderna for 100 million doses of potential coronavirus vaccine. Mexico will also conduct trails of its own vaccine. Russia said yesterday that it has approved a coronavirus vaccine

  • According to SCMP, China told its military not to fire first in a possible stand-off with the United States

  • New Zealand Prime Minister Ardern said that delaying September's election is an option but no decision has been made yet. New Zealand has registered local Covid-19 cases this week for the first time in 3 months

  • Joe Biden named Kamala Harris as his running mate

  • API report signalled a 4.4 million barrel draw in oil inventories (exp. -3.1 mb)

  • Precious metals are continuing a decline today with gold price slumping below $1,900. CME decided to increase margins for gold and silver futures

  • Tesla announced a 5-for-1 stock split

  • EUR, GBP and USD are top performing major currencies while NZD is the biggest laggard

Total number of confirmed coronavirus cases topped 20.5 million. There are no hints of virus spread slowing. 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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