-
Asia-Pacific indices record an upward session. Indexes from China are gaining between 0.75-1.30%. Japan's Nikkei 225 index gains 1.40% testing the 40,000-point level, while Australia's S&P/ASX200 is trading flat. Singapore SG20cash index futures gain 0.75%.
-
European index futures point to a lower opening of the session on the Old Continent. The UK100 loses 0.15% and the DAX loses as much as 0.30%.
-
In the forex market, the USD is gaining relatively strongly in the first part of the day and the EUR and GBP again. The USDIDX dollar index is already gaining 0.15% to 105,600 points.
-
The minutes of the Reserve Bank of Australia (RBA) meeting of 17-18 June were published today. The report showed that the Bank was considering raising the cash rate amid concerns that policy was not restrictive enough. Currently, inflation in Australia continues to hover around 4.0%.
-
The RBA decided to leave rates unchanged at 4.35% partly because of the risk of a sharp slowdown in the labor market. Ultimately, the case for stability was considered stronger by the Council, with inflation set to return to target in 2026. However, no future changes to monetary policy were ruled out.
-
The Democratic National Committee is considering formally nominating Joe Biden as early as 21 July to ensure the president is on the November ballot, while helping to eliminate intra-party talk of replacing him after a poor debate performance last week.
-
European Central Bank (ECB) President Christine Lagarde on Monday stressed the ECB's cautious approach to further interest rate cuts. The current Eurozone labor market is strong, meaning the ECB could take more time to gather new data and temporarily hold off on further cuts.
-
South Korea's CPI inflation fell in June to its lowest level in 11 months. The consumer price index (CPI) rose 2.4% in June from a year earlier, slower than May's 2.7% and the weakest since July 2023.
-
On Monday, the dollar was supported by rising US bond yields. This increased upward pressure on the USDJPY currency pair, which gained 0.15% today, deepening record levels to 161.6500.
-
Benchmark 10-year Treasury bond yields rose almost 14 basis points overnight to 4.479%, with analysts attributing the move to expectations that Donald Trump will win the US presidency and raise tariffs and government borrowing.
-
Cryptocurrencies are trading slightly higher. Sentiment in this market has been improving slightly in recent days following the stabilization of spot ETFs on Bitcoin and investor expectations of a final decision on spot ETFs on Ethereum. Interestingly, the altcoin sector is doing relatively well, with the most gains today.
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.
