- Wall Street indices trade higher today - S&P 500 gains 0.4%, Nasdaq trades 0.5% higher and small-cap Russell 2000 rallies 1%. Dow Jones is a laggard and trades flat
- Target trades over 11% higher today after reporting better-than-expected fiscal-Q2 earnings
- Macy's drops 12% after reporting disappointing fiscal-Q2 earnings and cutting forecasts
- FOMC minutes from July meeting showed that vast majority of FOMC members said it would be appropriate to cut rates in September. FOMC members also noted increased risks to employment-side of Fed's mandate
- US Bureau of Labor Statistics revised non-farm payrolls data for April 2023 - March 2024 period lower by 818k, more or less in the middle of market expectations (600-1000k)
- USD waekened following BLS jobs data revision and dovish minutes, with EURUSD climbing to a 1-year highs above 1.1160 mark
- European stock market indices traded higher today - German DAX and Dutch AEX gained 0.51%, UK FTSE 100 moved 0.12% higher, while French CAC40 added 0.52%
- ECB Panetta said that he hopes European Central Bank cuts rates in September
- US Department of Energy announced a 4.65 million barrel decline in oil inventories (exp. -2.9 mb), a 1.61 million barrel drop in gasoline inventories (exp. -0.4 mb) and a 3.31 million draw in distillate inventories (exp. +0.2 mb)
- Polish employment declined 0.4% YoY in July (exp. -0.4% YoY), while wage growth slowed to 10.6% YoY (exp. 10.8% YoY)
- Japanese exports increased 10.3% YoY in July (exp. 11.4% YoY), while imports were 16.6% YoY higher (exp. 14.9% YoY)
- Cryptocurrencies trade higher today - Bitcoin gains 1.2%, while Ethereum and Dogecoin jump 1.7% each
- Energy commodities drop - oil is down around 2%, while US natural gas prices drop 1.8%
- Precious metals gain on USD weakening - silver adds 0.5%, while platinum and palladium jump 1.7%. Gold trades flat
- GBP and CHF are the best performing major currencies while USD and AUD lag the most
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.
