Morning wrap (26.08.2024)

6:32 AM 26 August 2024
  • Wall Street indices rallied on Friday after Fed Chair Powell said that it is time to adjust rates during his Jackson Hole speech
  • S&P 500 gained 1.15%, Dow Jones moved 1.14% higher, Nasdaq jumped 1.47% and small-cap Russell 2000 rallied over 3%
  • Indices from Asia-Pacific traded mixed today - Nikkei dropped 1%, S&P/ASX 200 rallied 0.7%, Kospi declined 0.3% and Nifty 50 jumped 0.6%. Indices from China traded mixed
  • European index futures point to a flat or slightly lower opening of today's cash session for major stock market indices from the Old Continent
  • Oil is trading slightly higher at the beginning of a new week on Middle East tensions. Hezbollah launched a big missile attack on Israel over the weekend over killing of its senior commander in Beirut, Lebanon at the end of July
  • Israel said that it has launched preemptive strikes on Hezbollah's missile launchers when it notice that the group is preparing to launch an attack
  • Meanwhile, Axios reported that the latest round of Gaza ceasefire negotiations in Cairo, Egypt ended without an agreement
  • Liquidity conditions during the European trading session are expected to be thinner today as UK traders are off for summer bank holiday
  • Major cryptocurrencies pull back at the start of a new week - Bitcoin drops 0.7%, while Ethereum and Dogecoin drop around 1.3% each
  • Precious metals trade little changed - gold trades flat, silver drops 0.4%, platinum declines 0.2%, while palladium adds 0.2%
  • USD and JPY are the best performing major currencies, while AUD and NZD lag the most
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