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 (02.03.2021)

07:42 2 March 2021
  • US indices booked solid gains during Wall Street session yesterday. S&P 500 gained 2.38%, Nasdaq rallied 3% and Dow Jones added 1.95%. Russell 2000 surged 3.37%

  • Downbeat moods can be spotted in Asia. Nikkei dropped 0.8%, S&P/ASX 200 declined 0.4% and indices from China moved lower. Kospi gained 1%

  • DAX futures point to a lower opening of the European session

  • AUD is trading slightly higher after RBA left interest rates and monetary policy settings unchanged. Central bank does not expect tight labour market until at least 2024

  • Hawkesby from RBNZ said that the Bank may cut cash rate or boost bond purchases if needed

  • South Korea readies extra budget of 15 trillion won to support small businesses, protect jobs and buy more vaccines

  • According to Platts, Russia and Saudi Arabia disagree over the pace of returning oil production

  • CBOE seeks approval to list Bitcoin ETF in the United States

  • Japan's capital spending declined 4.8% YoY in Q4 2020 (exp. -2% YoY)

  • Australia's building approvals plunged 19.4% MoM in January (exp. -3% MoM)

  • Japan's unemployment rate remained at 2.9% in January (exp. 3%)

  • Bitcoin trades near $48,000

  • Precious metals pull back with silver and platinum taking the biggest hit. Oil trades slightly lower

  • AUD, USD and JPY are top performing major currencies while NZD, CAD and GBP lag

290 thousand new coronavirus cases were reported yesterday. 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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