-
In spite of a higher opening, US indices finished yesterday's trading over 1% lower. S&P 500 dropped 1.35%, Dow Jones moved 1.08% lower and Nasdaq slumped almost 1.9%. Small-cap Russell 2000 dropped almost 1.4%
-
Declines on Wall Street were caused by weakness in consumer stocks, like Dollar Tree or Nike, as well as mid-session reversal in Nvidia shares, which dragged whole tech sector lower
-
In spite of releasing superb fiscal-Q2 earnings report on Wednesday evening and launching yesterday trading with an almost 7% bullish price gap, Nvidia finished yesterday's cash trading with just 0.1% gain
-
Indices from Asia-Pacific traded lower today, responding to a downbeat Wall Street session. Nikkei dropped 2%, S&P/ASX 200 traded 1% lower, Kospi was 0.9% down and Nifty 50 dropped 0.6%. Indices from China traded 0.1-1.1% lower
-
DAX futures point to a lower opening of the European cash session today
-
ECB Nagel said that he expects no recession but it is also much too early to think about rate-hike pause
-
ECB Vujcic said that the euro area economy is stagnating and that inflation has most likely peaked. However, Vujcic was unsure whether rates are restrictive enough
-
CPI inflation in the Japanese Tokyo area decelerated from 3.0% to 2.8% YoY in August (exp. 2.9% YoY)
-
73% of respondents in Reuters expect the Bank of Japan to end yield curve control some time next year. That's an increase from around 50% in July poll
-
Citi expects OPEC to decide on more output cuts as oil production in Iran, Iraq, Libya, Nigeria and Venezuela is expected to grow while demand growth in China is expected to fade
-
China Securities Regulatory Commission, Chinese securities regulator, confirmed that it met with pension funds, insurers and banks and encouraged them to increase equity investments
-
Cryptocurrencies pull back - Bitcoin drops 0.2%, Ethereum trades 0.1% lower and Dogecoin drops 0.7%
-
Energy commodities are trading slightly higher today
-
Precious metals are pulling back - gold drops 0.2%, silver trades 0.3% lower and palladium declines 0.8%. Platinum is outperformer with 0.3% gain
-
USD and CAD are the best performing major currencies while NZD and CHF lag the most
Dow Jones (US30) painted a bearish engulfing pattern yesterday, suggesting that the ongoing pullback may be about to deepen further. Source: xStation5
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
