-
U.S. indices ended the week on an optimistic note. At today's session opening, there was a rise primarily in smaller-cap companies. However, sentiment also returned to large companies as the session progressed. The US500 gained 1.40% to 5520 points, US100 1.50% to 19270 points, and the smaller-cap index US200 increased 1.10% to 2270 points.
-
In Europe, there were attempts to recover from the week's downward pressure. The German DAX closed the intraday session up 0.68%, the French CAC40 added 1.22%, and the British FTSE 100 gained 1.21%.
-
Better performance from companies Hermes and Essilor Luxottica today bolstered sentiments in the European and global fashion markets.
-
U.S. PCE data came in line with expectations, triggering no significant market reaction. On one hand, there were positive surprises in core data, broadly offset by a low personal income reading. U.S. treasury yields fell after the data release.
-
Final UoM data indicate slightly higher inflation expectations in the long term. The July report showed a slight increase in consumer sentiment to 66.4 points. One-year inflation expectations remained at 2.9%, while five-year expectations rose slightly to 3.0%.
-
In the FX market, Antipodean currencies and the British pound performed best today. The Swiss franc, however, remained under selling pressure.
-
Charter Communications shares surged nearly 15% in today's session after the company reported second-quarter results that exceeded analysts' expectations.
-
3M recorded a solid second quarter, with adjusted earnings per share rising to $1.93 from $1.39 a year earlier, surpassing analyst expectations of $1.68 per share.
-
In the energy commodities market, we observe declines. WTI oil lost 1.2%, while natural gas was down 2.35%.
-
Precious metals fared better today. Gold gained 0.9%, maintaining a long-term upward trend marked by the 50-day EMA.
-
Bitcoin also saw solid growth of 2.50%, with its price rising to $67,400. Optimistic sentiments also prevailed in the sector of smaller projects. Ethereum gained 2.30% to $3250, rebounding strongly after the introduction of spot ETFs.
-
The Altcoin sector, excluding BTC and ETH, gained 2.60% in market cap today, slightly more than Bitcoin. Investor attention is focused on niche AI projects.
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.
