Morning wrap (08.09.2021)

6:53 AM 8 September 2021
  • US indices finished yesterday's trading lower. Dow Jones dropped 0.76%, S&P 500 moved 0.34% lower while Russell 2000 finished 0.72% lower. Nasdaq managed to gain 0.07% and finished trading at fresh all-time high

  • Bears also dominated during the Asian session. S&P/ASX 200 dropped 0.4%, Kospi moved 0.7% lower and indices from China pulled back. Nikkei gained 0.8%%

  • DAX futures point to a more or less flat opening of the European cash session

  • In an interview with Financial Times, Fed's Bullard said that tapering will begin this year and should end in H1 2022. 

  • Revision of the Japanese GDP data for Q2 showed economic growth at 0.5% QoQ, up from 0.3% QoQ signalled in initial reading

  • According to Reuters report, Intel plans to invest up to €80 billion in expanding chip production capacity in the European Union

  • A 7.1 magnitude earthquake hit the southwestern part of Mexico. At least 1 person was reported dead

  • Situation on the cryptocurrency market stabilized following yesterday's sell-off. Bitcoin has been trading in $46,000-47,000 range since

  • Precious metals are trading slightly higher

  • Oil and industrial metals gain. Agricultural goods trade mixed

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

Bitcoin plunged massively yesterday and reached the lowest level since early-August. However, declines were halted and the coin managed to recover to the 50% retracement of a April-May correction ($46,600 area). Source: xStation5

Share:
Back

Join over 1 600 000 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