CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. 76% 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 (17.09.2021)

06:58 17 September 2021
  • Stocks traded mixed overnight as investors were weighing risk related to Chinese housing companies against improved outlook for US taper

  • Nikkei and Kospi gained during the Asian session while S&P/ASX 200 and indices from China pulled back

  • European index futures trade higher compared to yesterday's cash closing prices

  • Democrat leaders - Biden, Pelosi and Schumer - agree that Trump-era tax cuts must be removed

  • Biden administration is exploring options for rejoining the trans-pacific trade pact. Pact currently includes Australia, Brunei, Canada, CHile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam

  • Around 28% of the US crude production in the Gulf of Mexico still remains shut after recent hurricanes (ida and Nicholas)

  • United States and Australia said that they will strengthen relationship with Taiwan

  • ECB rejected overnight Financial Times report that said internal inflation forecasts at the Bank may warrant an earlier rate hike. Story surfaced after ECB Chief Economist Lane reportedly said in a private meeting that ECB expects inflation to hit 2% goal in 2025

  • Chinese state media say that Evergrande should not bet on government bailout and instead look for market ways to save itself

  • Precious and industrial metals gain while oil and agricultural goods pull back

  • CAD and AUD are the best performing major currencies while JPY and USD lag the most

While the situation on the stock markets was mixed during the Asian session, AUDJPY - FX pair often viewed as risk barometer - managed to move slightly higher. The pair bounced off the support zone ranging above the 23.6% retracement of the correction launched in May 2021. Key near-term support is marked with recent local high near 50% retracement. Source: xStation5

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.

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