Morning wrap (06.06.2025)

06:58 6 June 2025
  • Futures on US indices posting gains, although the US500 pulled back yesterday after surpassing the 6,000-point mark. Today, the US500 and US100 are up by around 0.5–0.6%. Futures in Europe also indicate a slightly higher open.
  • Global market focus today will be on the U.S. Non-Farm Payrolls (NFP) report, due at 12:30 PM GMT. Earlier, at 9:00 AM GMT, revised retail sales data and GDP from the Eurozone will be released.
  • In the precious metals market, all major metals continue to rise. Silver is up another 0.8%, reaching a 13-year high at $36 per ounce. Platinum is the strongest performer today with almost 1.5% rise, while gold is rising by 0.4% to $3,363 per ounce.
  • Oil is posting slight losses, while natural gas futures are gaining more than 1.2%, reaching $3.70 per MMBtu. In the cryptocurrency market, sentiment is mixed—Bitcoin is trading at $103,000, down nearly 10% from its all-time high. Slightly more optimism can be seen among so-called memecoins.
  • Industrial production in Germany fell by -2% year-over-year (seasonally adjusted), compared to forecasts of -1.4% and a previous reading of -0.42%. On a monthly basis, production declined by -1.4%, while expectations were for a -1% drop following a 3% increase in the previous month.
  • The German Trade Balance came in at 14.6 billion euro vs 19.1 billon euro exp. and 21.1 billion euro previously. Export dropped -1.7% MoM vs -1.4% exp. and 1.1% rise previously. Imports surged by 3.9% monthly vs 0.5% exp. and -1.4% previously

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.

Back

Join over 1.6 Million investors from around the world