-
Indices from the Asia-Pacific region gained during today's cash trading. Nikkei jumped 2%, S&P/ASX 200 moved 1.3% higher and Kospi added 1%. Indices from China traded mixed
-
US index futures are trading higher with S&P 500 futures trading around 50 points above Friday's cash close
-
European index futures point to a slightly higher opening of the cash session on the Old Continent today
-
RBA minutes showed that the Bank sees need for more rate hikes at the coming meetings
-
RBA Governor Lowe said in a speech that 25 bp or 50 bp rate hike will be considered for July meeting. However, Lowe has cooled some market expectations by saying that he sees cash rate at 4% by year-end as a rather unlikely scenario
-
Goldman Sachs now sees a 30% chance of US recession in the next 12 months, up from 15% in the previous forecast. According to Goldman Sachs, risk of recession in the next 2-year horizon increased from 35% to 48%
-
Nomura expects the US economy to enter an extended recession this year. First GDP contraction is expected in Q4 2022
-
South Korean exports increased 11% YoY in the first 20 days of June. Semiconductor exports were 1.9% YoY higher while exports to China dropped 6.8% YoY
-
Cryptocurrencies trade higher with Bitcoin approaching a $21,000 area and Ethereum climbing back above $1,100
-
Oil gains amid a broad improvement in moods on the global markets. WTI trades 1% higher and tests $110 per barrel area. Brent gains 0.7% and tests $115 area
-
In spite of a US dollar weakness, precious metals trade mixed - gold and silver drop while platinum and palladium gain
-
CAD and GBP are the best performing major currencies while NZD and CHF lag the most
Australian dollar gained after RBA minutes hinted at a need for more rate hikes. However, part of those gains was trimmed after a speech from Governor Lowe who said that expectations of a cash rate at 4% at year's end are rich. Nevertheless, AUDNZD continues to trade in a recovery move following a successful defense of the lower limit of a local market geometry. 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.