- Friday's trading on Wall Street ended in mixed sentiment. The Nasdaq technology index was the only benchmark to post any intraday gains, nevertheless they did not exceed 0.15%.
- Other indices dropped, with the worst performer being the Russell 2000, which lost 1.61%. On the same day in Europe, Germany's DAX lost 1.34%, France's CAC40 lost 2.66% and Britain's FTSE 100 was down 0.21%.
- The very weak sentiment from Friday continues today in APAC markets as well, with Japan's Nikkei losing 2.05% and Korea's KOSPI down 0.41%. The Hang Seng is doing marginally better today, but the better sentiment here is offset by declines in mainland Chinese markets.
- From China itself, we learned mixed macro data today. On the one hand, higher retail sales data for May surprised on the positive side. On the other hand, however, their positive tone was negated by lower industrial production figures.
- On Sunday, the Fed's Kashkari communicated that the first interest rate cut may not occur until December.
- Investors will hear statements today from three Fed bankers, Williams, Harker and Cook, as well as ECB President Lagarde.
- In the FX market, the US dollar and the Japanese yen are currently doing best. Antipodean currencies, on the other hand, are doing much less well.
- The commodities market is dominated by declines. Gold is currently losing 0.55%, NATGAS is losing nearly 2.6%, and WTI oil is losing nearly 0.45%.
- Bitcoin as well as Ethereum are trading today close to yesterday's closing levels. However, the overall trend in the digital asset market is more downward this morning.
Heatmap of volatility in the FX market today. Source: xStation
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis 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.
