Morning wrap (20.05.2021)

6:48 AM 20 May 2021
  • US indices finished yesterday's session lower but off daily lows. S&P 500 dropped 0.29%, Dow Jones declined 0.48% and Nasdaq closed 0.03% lower. Russell 2000 dropped 0.78%

  • Stocks in Asia traded mixed. Nikkei and S&P/ASX 200 moved higher, Kospi dropped and indices from China struggled to find common direction

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

  • ECB Schnabel said that the bank does not see reasons to increase interest rates at this point and that it expects inflation to decelerate in 2022

  • FOMC minutes point to a potential taper discussion during upcoming meetings

  • United States levied new sanctions on Russian companies and ship involved in Nord Stream 2 project

  • According to Bybt report, accounts of over 775 thousand traders were liquidated during yesterday's crypto plunge

  • Japanese core machinery orders increased 3.7% MoM in March (exp. 6.4% MoM)

  • Japanese exports increased 38% YoY in April (exp. 30.9% YoY) while imports were 12.8% YoY higher (exp. 8.8% YoY)

  • Australian employment declined by 30.6k jobs in April (exp. +15.2k). Unemployment rate dropped from 5.7 to 5.5% (exp. 5.6%)

  • Bitcoin trades near 39,000 USD, Ethereum jumped above $2,500

  • Precious metals, oil, industrial metals and agricultural goods trade higher

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

Brent (OIL) dropped to the lowest level since April 27 yesterday. Crude has been pressured over the past couple of days by rumours that parties to Iranian nuclear talks are closing in on an agreement. OIL has managed to recover slightly and climb back above the $66.50 support. 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