Morning wrap (05.09.2022)

5:48 AM 5 September 2022
  • Russia announced on Friday that it will completely halt gas flows to Europe via the Nord Stream 1 pipeline indefinitely

  • European assets are set for a rough start of new week's trade with EURUSD dropping below 0.99 for the first time in 20 years and DAX futures pointing to an over-3% bearish price gap at the launch of European cash session

  • Indices from the Asia-Pacific are trading mixed at the beginning of a new week. Nikkei trades flat, S&P/ASX 200 gains while Kospi and indices from China drop

  • According to Bloomberg report, Biden administration is considering restricting investments of US companies into Chinese technology companies

  • G7 countries agreed to impose a price cap on Russian oil. Details are yet to be worked out but the measure will be implemented in December

  • According to media report, OPEC+ likely to leave output unchanged at a meeting this week

  • Germany ruling coalition agreed on a €65 billion deal to subsidize energy prices for consumers and businesses

  • Chinese services PMI (Caixin/Markit) dropped from 55.5 to 55.0 in August (exp. 54.0)

  • Australian business inventories increased 0.3% QoQ in Q2 2022 (exp. 1.5% QoQ)

  • Cryptocurrencies are trading mostly lower on Monday but scale of drop does not exceed 3%. Bitcoin and Ethereum trade 0.7% lower

  • Energy commodities trade higher at the beginning of a new week. Brent gains 2.2% while WTI trades 2% higher

  • Precious metals trade slightly higher. Gold gains 0.1% while silver advances 0.4%

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

 Euro Stoxx 50 (EU50) extends Friday's drop triggered by Russian gas flow halt. Index is making a break below the 61.8% retracement of the upward move launched after US presidential elections in November 2020. The closest support to watch can be found near recent lows in the 3,400 pts area. Source: xStation5

Share:
Back
Xtb logo

Join over 935 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
test_cookie cc 25 January 2024
adobe_unique_id cc 1 March 2025
__hssc cc 8 September 2022
SESSID cc 2 March 2024
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-98728395-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gcl_au cc 30 May 2024
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
__hstc cc 7 March 2023
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language