- Wall Street indices finished yesterday's trading lower with S&P 500 dropping 0.32%, Nasdaq moving 0.89% lower and Russell 2000 declining 0.99%. Dow Jones was outperformer with 0.17% gain
- US indices were dragged lower by tech sector, which has been underperforming following expansion of Chinese ban on iPhone use in government-backed agencies (Apple shares dropped almost 3%)
- Indices from Asia-Pacific traded lower today - Nikkei dropped 1.3%, S&P/ASX 200 moved 0.4% lower, Kospi traded flat and Nifty 50 gained 0.1%. Indices from China traded 0.1-0.9% lower
- Morning session in Hong Hong has been canceled today due to severe weather warning
- European index futures point to a higher opening of the cash session on the Old Continent
- Fed's Goolsbee said that while inflation is still above target, monetary policy is working
- Fed's Logan hinted that it may be appropriate to keep rates unchanged at September meeting
- China purchased 930 thousand ounces of gold in August, marking a 10th consecutive month of gold holdings increases. A total of 5.95 million ounces of gold were added to Chinese reserves since November 2022
- Talks with Chevron Australia LNG workers failed to reach agreement and employees will go on a strike at LNG facilities starting today. It is said that strike may last 2 full weeks
- Japanese economy expanded at an annualized pace of 4.8% in Q2 2023 (first release: 6%)
- Major cryptocurrencies are trading higher today - Bitcoin gains 0.5%, Dogecoin adds 0.4% and Ethereum trades 0.1% higher
- Energy commodities are trading mixed - oil drops 0.3-0.5% while US natural gas prices trade 0.7% higher
- Precious metals gain amid USD weakening - gold and platinum trade 0.3% higher while silver jumps 0.6%
- AUD and NZD are the best performing G10 currencies while USD and JPY lag the most
US100 dropped below 15,400 pts price zone, short-term trendline and 50-period moving average (green line, H4 interval) yesterday following the expansion of the Chinese iPhone ban. However, an attempt is made today to climb back above the upward trendline. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThis 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.
