-
Stock market indices from Asia-Pacific region traded higher at the beginning of a new week. Nikkei gained 0.5%, S&P/ASX 200 jumped 1% and Kospi rallied 1.8%. Indices from China traded 0.8-2.7% higher
-
European and US index futures trade higher
-
Joe Biden's visit to Saudi Arabia did not result in any announcement of oil output increase by Saudis
-
Amos Hochstein, senior energy security adviser to US State Department, said, however, that he is confident OPEC will increase output based on what he heard during Middle East trip
-
China reported the highest new daily Covid-19 case count in almost 3 months. However, no new cases outside quarantine were reported in Shanghai. Mass testing will be carried out in 9 districts of Shanghai on July 19-21
-
New Zealand CPI inflation jumped from 6.9% to 7.3% YoY in Q2 2022 (exp. 7.1% YoY)
-
Cryptocurrencies rally with Bitcoin trading 3.5% higher and Ethereum gaining 5%. Polygon (+15%) and Avalanche (+10%) lead
-
Oil benefits from risk-on moods and lack of output increase announcement from Saudi Arabia. Brent gains 1.7% while WTI trades 1.4% higher
-
Precious metals advance - gold gains 0.6% while platinum and silver jump 1.3%
-
GBP and CAD are the best performing major currencies while USD and NZD lag the most
Joe Biden failed to reach an agreement on oil output increase with Saudi Arabia. This coupled with improvement in risk moods fuels today's gains on the oil market. WTI (OIL.WTI) gains 1.4% and continues recovery after painting a bullish hammer pattern. 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.
