- We are starting a new week of trading on financial markets.
- Asian markets are extending the declines initiated last week, even though the Caixin PMI data reading for services released today came in better than expected. However, juxtaposing the data with the industrial report, the overall picture of the economy for December deteriorates (Composite reading).
- Sentiment also failed to be supported by Saturday's statements from the PBoC, which unveiled new plans to stimulate the economy, including: increasing financial support for technological innovation and providing liquidity to the stock market.
- The Canadian dollar is strengthening today after Reuters reported that current Prime Minister Trudeau will resign on Wednesday/Thursday.
- European futures point to a slightly higher opening of the trading session Eurostoxx 50 contracts are currently gaining 0.25%.
- USD/JPY rose slightly above 157.80 Today's session was the first of the year for Japanese markets. Bank of Japan Governor Ueda spoke, but gave no clear indication of the timing of an interest rate hike. Japan's Nikkei lost 1.65% today compared to the last session in 2024.
- More than 8% gains were seen today in natural gas, which is once again benefiting from weather forecasts that call for significant cooling in the eastern part of the US.
- Bitcoin has regained ground after the weekend's trading and is back near the round $100,000 barrier.
- Investors' attention turns today to services PMI data from the world's major economies. Inflation from Germany for December may also prove to be an important reading. In the opening hours of the Wall Street session, we will also learn readings on US durable goods orders.
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.
