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 (20.11.2023)

08:05 20 November 2023
  • Stock indexes were traded mostly higher during the session in the Asia-Pacific region. At the beginning of the new week, investors extends positive sentiments driven by hopes of an end to interest rate hikes.

  • Chinese indexes are up around 1.30-1.50%, the Korean Kospi is noted 0.85% higher, the Japanese Nikkei is down 0.60%, and the Australian S&P ASX 200 is noted lower by 0.20%.

  • The dollar lost against all the currencies of the Group of 10, while the emerging market currency index rose to the highest level since February. Investors are already pricing in even a 30% probability of the first interest rate cut in March of the coming year.

  • China has left the benchmark interest rates for loans unchanged, in line with expectations. A weaker yuan continued to limit further easing of monetary policy, as decision-makers waited for the impact of earlier stimuli.

  • Currently, the 5-year interest rate in China is 4.2% (forecast 4.2%, previous 4.20%), while the 1-year is 3.45% (forecast 3.45%, previous 3.45%).

  • Credit rating agency Moody's has maintained Italy's credit ratings at Baa3 and raised the outlook from negative to stable. In a comment published on social media, Economy Minister Giancarlo Giorgetti stated that he is "pleased with the result".

  • Oil prices rose after information that OPEC+ is considering introducing additional cuts in oil supplies. The next meeting of the group will take place at the end of this month.

  • Cryptocurrencies are noted slightly higher after experiencing a deeper correction at the end of last week. Bitcoin even fell to 36,000 USD, while other projects lost more. Ethereum was again weaker than the market and fell to the level of 1910 USD - over 10% from the peaks of the first part of this year.

  • The declines were caused by the lack of acceptance of ETF applications by the SEC and the extension of two applications. Moreover, the SEC issued further recommendations, according to which funds will have to resubmit updated applications.

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.

Back
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 11 October 2024
adobe_unique_id cc 10 October 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 10 October 2024
__cf_bm cc 10 October 2024
intercom-id-iojaybix cc 7 July 2025
intercom-session-iojaybix cc 17 October 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 10 October 2026
_ga cc 10 October 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 8 April 2025
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 4 November 2025
_omappvp cc 22 September 2035
_omappvs cc 10 October 2024
_uetsid cc 11 October 2024
_uetvid cc 4 November 2025
_fbp cc 8 January 2025
fr cc 7 December 2022
muc_ads cc 10 October 2026
lang
_ttp cc 4 November 2025
_tt_enable_cookie cc 4 November 2025
_ttp cc 4 November 2025
hubspotutk cc 8 April 2025
YSC
VISITOR_INFO1_LIVE cc 8 April 2025

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 10 October 2026
UserMatchHistory cc 8 October 2022
bcookie cc 10 October 2025
lidc cc 11 October 2024
lang
bscookie cc 8 September 2023
li_gc cc 8 April 2025

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language