CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 77% 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 (13.02.2024)

06:38 13 February 2024
  • Wall Street indices finished yesterday's trading mixed - S&P 500 dropped 0.1%, Nasdaq declined 0.3%, while Dow Jones gained 0.3% and small-cap Russell 2000 rallied 1.7%
  • Indices from Asia-Pacific traded higher today - Nikkei rallied almost 3%, Kospi moved 1.1% higher and Nifty 50 jumped 0.5%. Australian S&P/ASX 200 was a laggard with 0.1% drop
  • European index futures point to a slightly lower opening of the cash session on the Old Continent today
  • According to Financial Times report, Japanese Prime Minister Kishida is intensifying efforts to organize a summit with North Korea's Kim Jong Un. The aim of the summit is to secure release of Japanese citizens abducted by North Korea decades ago
  • According to US military, Yemen's Houthis struck a ship in the Red Sea that was transporting Brazilian corn to Iran
  • RBA Kohler said that inflation in Australia is coming down but it still remains too high
  • NZD dropped after RBNZ released inflation expectations data for Q1 2024. 1-year inflation expectations stand at 3.2%, down from 3.6%, while 2-year inflation expectation stand at 2.5%, down from 2.8% 
  • Japanese PPI inflation for January came in at 0.0% MoM (exp. 0.1% MoM). On an annual basis, PPI reached 0.2% YoY (exp. 0.1% YoY)
  • Bitcoin holds onto yesterday's gains and continues to trade in the $50,000 area
  • Energy commodities trade higher - US natural gas prices advance 0.5% while oil gains 0.3%
  • Precious metals also trade higher - gold gains 0.1%, silver trades 0.4% higher and palladium jumps 0.8%. Platinum trades flat
  • USD and CAD are the best performing major currencies, while NZD and AUD lag the most

NZD drops after RBNZ data for Q1 2024 showed a drop in inflation expectations. NZDUSD continues to pull back from the upper limit of the bearish channel. Source: xStation5

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