- The last session on European markets this week saw marginal declines in most stock market indices, despite the fact that the start of the session was in better sentiment. Germany's DAX lost 0.03% at the end of the session, France's CAC40 was down 0.13%, Britain's FTSE100 was down 0.04%. At the same time, Poland's WIG20 gained 0.38%.
- Mixed sentiment currently prevails on Wall Street. The technology Nasdaq is currently gaining 0.28%, the S&P 500 is adding 0.15% and the Russell 2000 is losing 0.41%. Nvidia shares, however, erase initial gains
- Chinese stocks are gaining after heavy buying by Chinese sovereign funds. Alibaba gains, Pinduoduo shares rebound after declines
- U.S. PCE inflation data released today came in line with market consensus, with underlying inflation gently below expectations by 0.1 pp. Americans' incomes and spending rose slightly above expectations. Chicago's regional PMI index came in slightly above estimates
- Compiled by the University of Michigan, US consumer sentiment is also up 0.1 pp from last month, while inflation expectations are at their lowest levels since 2020.
- In the FX market, the U.S. dollar is currently the best performer; USDJPY is up more than 0.8%, while EURUSD is losing more than 0.2%
- Intel shares are gaining nearly 8% in response to reports from Bloomberg, which indicated that the company is in talks with leading U.S. banks on an M&A deal and is considering spinning off its Foundry business, paving the way for a return to profitability; Intel is also expected to analyze which planned new factory openings will be put on hold as part of a plan to control costs.
- As reported by 6 independent sources close to OPEC, the cartel is considering carrying out, a gradual plan to increase oil production from October. In reaction to this news, crude oil lost 3% sharply in value today.
- Sentiment around precious metals is weaker. Gold loses almost 0.9%, silver retreats 2%. Yields on U.S. 10-year Treasury securities rose to 3.88% today
- Soft commodities mostly lose; contracts for sugar, soybeans and coffee lose nearly 2%. Among industrial commodities, nickel and aluminum contracts are losing more than 1%
- The crypto market is also dominated by declines. Bitcoin is currently losing 1.2%, thus breaking below the $59,000 barrier. At the same time, Ethereum is losing 2.5%
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