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 (29.12.2021)

07:55 29 December 2021
  • US indices snapped a winning streak yesterday and finished trading mixed. S&P 500 dropped 0.10%, Nasdaq moved 0.56% lower and Russell 2000 dipped 0.66%. Dow Jones gained 0.26%

  • Stocks in Asia traded mostly lower today. Nikkei dropped 0.6%, Kospi moved 0.9% lower and indices from China traded 0.9-2.0% lower. S&P/ASX 200 gained over 1% during the first post-Christmas session

  • DAX futures point to a slightly lower opening of the European cash session today

  • According to the Wall Street Journal, Joe Biden considers Sarah Bloom Raskin as the new Fed's chair for supervision. Biden also weighs whether to appoint Lisa Cook or Philip Jefferson for the other open Fed Board seat (both are professors of economics)

  • Cryptocurrencies continued to move lower with Bitcoin dropping below $48,000

  • China increased import quotas for Australian wool for 2022, signalling a potential easing of tensions between two countries

  • API report on oil inventories pointed to a 3.09 million barrel draw in US oil stockpiles (exp. -3.0 mb)

  • EUR and USD are the best performing major currencies while AUD and NZD lag the most. Overall, trading ranges on the FX market were narrow during the Asian session

  • Precious metals pull back, oil gains slightly and agricultural goods trade mixed

Majority of Asian indices traded lower today, following a downbeat session on Wall Street yesterday. S&P/ASX 200 (AUS200) bucked the trend as it tried to catch up with moves from the beginning of the week (Australian stock market was closed on Monday and Tuesday). Australian index managed to jump above 7,350 resistance zone and is now looking towards 7,450 swing area. 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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