- US indices spend the session in the green. The Nasdaq (+0.77%), S&P500 (+0.42%), DJIA (+0.36%) and Russell 2000 (+0.25%) are gaining.
- US producer inflation confirms the Fed's announcement of a price spike in late 2024 and early 2025. PPI unexpectedly rose to 3.5% y/y (forecast: 3.2%, previous: 3.3%) and 0.4% m/m (forecast: 0.3%, previous: 0.5%).
- US President Donald Trump announced that the United States will impose further tariffs. Countries applying the value-added tax system (VAT) will be subject to the tariffs. The sectors to be affected are expected to be primarily automotive, pharmaceuticals, metallurgy and semiconductors.
- The European market had a euphoric session, fueled by expectations of an end to the war in Ukraine after yesterday's Putin-Trump talks. Germany's DAX (+2.09%) posted record highs, while France's CAC40 (+1.52%), Italy's FTSE MIB (+1%), Spain's IBX35 (+0.19%) and Switzerland's SMI (+1.85%) were also in the green. In contrast, the UK's FTSE 100 (-0.5%) posted a loss.
- CPI inflation in Switzerland fell in January as expected from 0.6% to 0.4%.
- Preliminary data from the UK showed better-than-forecast GDP growth (1.4% y/y vs. forecast: 1.1%) and improved industrial production (+0.5% m/m, forecast: +0.1%, previous: -0.4%). The better data did not inspire the stock market, but strengthened the pound (GBPUSD: +0.5%).
- In the FX market, the USD (Dollar Spot Index: -0.34%) lost most of its ground following CNBC's report that Donald Trump's key tariffs will be postponed by an additional month (to April). The strongest G10 currency today is the Swiss franc (CHFUSD: +0.98%), followed closely by the Japanese yen (USDJPY: -0.8%). The euro continues its recovery, strengthening against the USD by 0.28% (EURUSD: 1.0413).
- Gold held the psychological barrier of $2900 per ounce and today broke above $2915, thus gaining 0.5%.
- NATGAS is gaining nearly 2% today in the face of a larger-than-expected decline in US stocks of the commodity. What's worth adding, however, is that the earlier scale of the increases was larger, but it has now been largely capped.
- Despite the sizable increases we saw at the end of Thursday's session on stock markets, the cryptocurrency sector is lagging behind and seeing relatively large sell-offs.Bitcoin is currently losing 2% and Ethereum nearly 4.3%.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
