CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Morning wrap (20.06.2024)

06:33 20 June 2024
  • Thursday's session in Asia-Pacific markets is proceeding in a mixed mood. Japan's Nikkei is currently gaining close to 0.25%, the Hang Seng is losing 0.5% and Korea's Kospi index is adding 0.55%. 
  • Trading will resume today on Wall Street, where trading was halted yesterday in view of the Liberation Day holiday. At this point, futures are pointing to a higher opening in today's cash session. The situation is similar for European index futures. 
  • Futures based on US indices opened today after the futures contract rolled over, and we are therefore seeing increased volatility on these instruments. 
  • We have an interesting day ahead in terms of the publication of macro readings. Investors will learn about PPI inflation from Germany, the SNB's decision on interest rates, the Norges Bank's decision on interest rates, a set of macro data from Poland, the BoE's decision on interest rates and the US crude oil inventory report, among others. 
  • On Thursday, Federal Reserve representatives will speak: Kashkari, Barkin, Daly.
  • The PBoC's annual and five-year lending rates remain unchanged at today's meeting, a decision in line with expectations.
  • New Zealand's economy returned to growth in Q1, beating expectations. New Zealand's Q1 GDP was +0.2% q/q (+0.1% expected).
  • A Japanese survey of company employees indicated that only 7% of those surveyed believe that wage growth will be faster than the rate of inflation. 
  • Dell Technologies Inc (DELL.US), led by Michael Dell, announced a partnership with NVIDIA Corporation (NVDA.US) to build an AI factory designed to enhance the capabilities of Grok, the AI model developed by Elon Musk's company, xAI. Dell shares gained more than 3.3% in after-hours trading. 
  • Slightly larger gains are seen in the precious metals market this morning. Gold gains 0.6%, while silver added over 2.5%. 
  • Bitcoin gain 0.5% and is thus back in the region of the resistance level set by $65 300. 

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.

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