-
Asia-Pacific indices were trading at mixed levels at the start of Tuesday's trading session. Japan's Nikkei lost close to 0.65%, Australia's S&P/ASX 200 traded marginally above yesterday's closing levels and India's Nifty 50 was down nearly 0.1%. China's Hang Seng and China A50 indices also recorded gains on a daily basis.
-
The DAX and S&P 500 index contracts traded slightly higher
-
Uncertainty in the banking sector was newly fuelled by very weak financial results reported by First Republic Bank, whose shares lost more than 45% yesterday.
-
In the technology company sector, sentiment was improved by better-than-expected quarterly results from Microsoft and Alphabet. Investor attention turned particularly towards Microsoft, which managed to report results above the upper end of analysts' expectations. The company reported a big jump in revenue from its Intelligent Cloud business segment, which lifted the company's shares by more than 8% at the close of the Wall Street session. Alphabet also reported better-than-expected revenue and posted a profit from its Cloud business for the first time ever. Shares gained more than 2% in the market after the close of US trading.
-
Australia's headline CPI came in at 1.4% QoQ in Q1 2023 (versus expectations of 1.3%). However, the AUDUSD pair saw declines, dictated by a lower core inflation reading (1.2% quarter-on-quarter versus expectations of 1.4%)
-
Rating agency Fitch communicated that the European Central Bank is likely to accelerate the pace of quantitative tightening (QT).
-
The cryptocurrency market is seeing modest gains. Bitcoin gains 0.55%, Ethereum loses 0.05% and Dogecoin is trading 0.77% higher.
-
JPY and GBP are the strongest of the G10 currencies, while AUD and NZD are performing the weakest.
-
The major precious metals are trading at mixed levels early in the session, with silver gaining 0.05% and gold losing 0.03%. Platinum and palladium are doing much better, gaining close to 0.7% at the moment.
-
The energy commodities market is dominated by gains, with WTI crude oil gaining 0.8% and US gas prices rising 0.6%.
Heatmap on the FX market showing the volatility on each currency pair at the moment. Source: xStation 5
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile appThe 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.
