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 (25.11.2021)

07:50 25 November 2021
  • US indices finished yesterday's trading higher. S&P 500 gained 0.23%, Nasdaq moved 0.44% higher and Russell 2000 added 0.15%. Dow Jones lagged and finished 0.03% lower

  • FOMC minutes showed concerns over inflation. Some US central bankers opted for a quicker pace of QE taper. Pace of tapering will be adjusted if price growth continues to accelerate

  • Stocks in Asia traded mixed today. Nikkei gained 0.7%, S&P/ASX 200 added 0.1%, Kospi moved 0.3% lower and indices from China dropped

  • DAX futures point to a higher opening of today's European cash session

  • According to Reuters report, Japanese extra budget spending will be worth 36 trillion yen

  • Saudi Arabia, as well as some other oil producers, signalled that OPEC+ may abandon its output increase policy next week in response to coordinated SPR release

  • According to China Securities Journal, more fiscal stimulus will be deployed to aid Chinese growth

  • Australian CapEx dropped 2.2% QoQ in Q3 2021 (exp. -2.1% QoQ)

  • Bank of Korea hiked main rate by 25 basis points, to 1.00% (in-line with expectations)

  • Precious metals gained after FOMC minutes failed to deliver hawkish surprise. Gold gains 0.5%, silver adds 0.6%, platinum jumps 1.8% and palladium trades 2.3% higher

  • Oil and industrial metals trade slightly higher today

  • GBP and AUD are the best performing major currencies while CHF and NZD lag the most

Palladium rallies over 2% today after FOMC minutes failed to provide more clarity on conditions for quicker taper pace. Price bounced off the mid-term support at $1,835 and is currently testing $1,900 area. Other precious metals also gain today. 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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