- The last session on European markets this week saw marginal declines in most stock market indices, despite the fact that the start of the session was in better sentiment. Germany's DAX lost 0.03% at the end of the session, France's CAC40 was down 0.13%, Britain's FTSE100 was down 0.04%. At the same time, Poland's WIG20 gained 0.38%.
- Mixed sentiment currently prevails on Wall Street. The technology Nasdaq is currently gaining 0.28%, the S&P 500 is adding 0.15% and the Russell 2000 is losing 0.41%. Nvidia shares, however, erase initial gains
- Chinese stocks are gaining after heavy buying by Chinese sovereign funds. Alibaba gains, Pinduoduo shares rebound after declines
- U.S. PCE inflation data released today came in line with market consensus, with underlying inflation gently below expectations by 0.1 pp. Americans' incomes and spending rose slightly above expectations. Chicago's regional PMI index came in slightly above estimates
- Compiled by the University of Michigan, US consumer sentiment is also up 0.1 pp from last month, while inflation expectations are at their lowest levels since 2020.
- In the FX market, the U.S. dollar is currently the best performer; USDJPY is up more than 0.8%, while EURUSD is losing more than 0.2%
- Intel shares are gaining nearly 8% in response to reports from Bloomberg, which indicated that the company is in talks with leading U.S. banks on an M&A deal and is considering spinning off its Foundry business, paving the way for a return to profitability; Intel is also expected to analyze which planned new factory openings will be put on hold as part of a plan to control costs.
- As reported by 6 independent sources close to OPEC, the cartel is considering carrying out, a gradual plan to increase oil production from October. In reaction to this news, crude oil lost 3% sharply in value today.
- Sentiment around precious metals is weaker. Gold loses almost 0.9%, silver retreats 2%. Yields on U.S. 10-year Treasury securities rose to 3.88% today
- Soft commodities mostly lose; contracts for sugar, soybeans and coffee lose nearly 2%. Among industrial commodities, nickel and aluminum contracts are losing more than 1%
- The crypto market is also dominated by declines. Bitcoin is currently losing 1.2%, thus breaking below the $59,000 barrier. At the same time, Ethereum is losing 2.5%
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.