-
US indices finished yesterday's trading lower. S&P 500 dropped 0.41%, Dow Jones moved 0.55% lower and Nasdaq declined 0.74%. Russell 2000 dropped 0.96%
-
Risk-off moves on the stock markets are accompanied by pick-up in US yields. 10-year US yield reached 3.36% - the highest level since mid-June 2022
-
Downbeat moods extended into the Asian trading session. Nikkei dropped 0.8%, S&P/ASX 200 moved 1.4% lower and Kospi plunged 1.5%. Indices from China traded lower as well
-
DAX futures point to a lower opening of the European cash session
-
New UK Prime Minister Liz Truss signaled that she will not confront with the European Union over North Ireland protocol in the coming weeks
-
Media reports suggest that China will extend lockdown in Chengdu city as cases in the area continue to rise
-
Chinese exports increased 7.1% YoY in August (exp. 13.0% YoY) while imports were 0.3% YoY higher (exp. 1.8% YoY). Trade balance for August came in at $79.39 billion (exp. $93 billion)
-
Australian GDP grew at a pace of 0.9% QoQ in Q2 2022 (exp. 1.2% QoQ). On year-over-year basis growth reached 3.6% YoY (exp. 3.8% YoY)
-
US dollar remains strong, supported by pick-up in yields. USD strength is especially clearly seen compared to Asian currencies. USDJPY jumped above 144.00 while USDCNY is closing in on 7.00
-
Cryptocurrencies succumb to overall risk-off moods with Bitcoin dropping below $19,000. Ethereum trades slightly above $1,500, dropping over 4% on the day
-
Oil deepens declines, erasing all of the gains made following OPEC+ output cut. Brent drops 1.7% and trades just slightly above $91 per barrel
-
Precious metals pull back under pressure from strong USD. Gold and silver trade around 0.4% lower at press time
US dollar leads on the FX market this morning. Strong pick-up in yields is providing support for the greenback, allowing it to reach multi-year highs against other major currencies. Source: xStation5
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.
