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 (30.05.2023)

06:43 30 May 2023
  • Indices from Asia-Pacific traded mixed today. S&P/ASX 200 dropped 0.1%, indices from China traded 0.7-1.2% lower, Nikkei gained 0.3% and Kospi moved almost 1% higher. Nifty 50 traded flat

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

  • S&P 500 futures trade slightly above Friday's cash closing prices

  • BoJ Governor Ueda said that sustainable 2% inflation has not been reached yet. However, Ueda also said that he expects a sharp fall in inflation in the middle of 2023 fiscal year (April 2023 - March 2024)

  • OPEC Secretary General Ghais said that cartel would welcome Iran's full return to oil markets but only once sanctions on Iran are lifted

  • ECB Wunsch said that continuation of expansive fiscal policy in Europe requires stronger monetary policy reaction. Wunsch said that real rates remain low and more hikes may be needed

  • Australian building approvals plunged 8.1% MoM in April (exp. +2.2% MoM)

  • New Zealand building permits dropped 2.6% MoM in April, after a 6.6% MoM increase in March

  • Japanese unemployment rate dropped from 2.8 to 2.6% in April (exp. 2.7%)

  • Cryptocurrencies are trading mixed with major gains posting some gains. Bitcoin trades 0.3% higher, Ethereum adds 0.4% and Ripple jumps 2.2%

  • Oil is trading around 1% lower while US natural gas prices trade flat

  • Precious metals are trading mixed - gold drops 0.4%, silver plunges 0.7%, platinum gains 0.5% and palladium rallies 1.4%

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

Kospi (KOSP200) outperformed today during an otherwise mixed Asian trading. Index opened with a big bullish price gap following a long weekend (there was no session in South Korea yesterday). The move higher can be seen as 'catching up' with news of US debt ceiling deal being reached. KOSP200 broke above 335 resistance zone and reached the highest level since early-June 2022. 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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