-
Calm day on European stock markets
-
US equities rally, tech stocks outperform
-
Oil prices jump more than 3%
The new week started with thinner volume as several European stock exchanges remained closed due to a holiday, including German and Swiss stock markets. Other European markets finished the day mixed - while indices from UK and France closed slightly higher, equity benchmarks from Spain and Italy fell. US markets opened higher with tech stocks being clear outperformers - Nasdaq100 (US100) is currently gaining roughly 1.40%
Commodities markets have started the week on a strong note as well. Major gains might be spotted on oil markets as both WTI and Brent advance more than 3% on potential snag in Iran talks. Gold and silver prices continue to push higher throughout the day. Cryptocurrencies rally after weekend’s slump, Bitcoin approached $38,000 in the afternoon. EURUSD climbed above 1.22 level as the dollar is trading lower against major currencies.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appOn the data front, today’s calendar lacked top-tier releases. Nevertheless investors paid attention to numerous central bankers’ speeches, including BoE’s Bailey or Fed’s Bullard. Also, the attention is focused on Belarus after Ryanair plane grounding as EU leaders discussed the issue during the EU summit.
Tomorrow markets will pay attention to Q1 GDP data from Germany and German Ifo Business Climate for May. In the afternoon, an important set of data will be released from the United States - CB Consumer Confidence for May, new home sales for April and Richmond Manufacturing Index for May.
As US markets continue to push higher, US30 is approaching the 34,400 pts mark. This area may be seen as a major resistance for now - should bulls manage to break above it, the attention could shift towards 34,610 pts (78.6% Fibonacci retracement of the drop started on May 10).
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
