Daily Summary – Government Remains Paralyzed, Market Falls, Cryptos Recover

Foto del autor

By TP

The end of the week was not affected by the sentiment on the American stock market, but on the contrary. NASDAQ100 down by 2%. The Russell2000 and S&P500 fared slightly better, with declines of slightly less than 1%. The Dow is relatively the best, losing only 0.5%.
Data from the University of Michigan showed a sharp weakening of consumer sentiment. The value index recorded the current situation a sharp drop. gives the market surprises and the trend is clearly negative.
Kevin Hassettone of the main economic advisers of the Holy House, stated, e the impact of the government shutdown on the economy is much worse than expected.
Due to extreme shortages of resources and personnel, the FAA has cut US air traffic by 4%. If the US government does not reach an agreement on financing, the dream will be called on Thursday at 6%.
The situation on the European indices is a little better than in the USA. Record the first drops panlsko a Polsko with main indexes falling by 1.5%. The DAX40 and FTSE 100 are doing better, down 0.5%. Contracts on the CAC40 are growing by 0.3%.
Already commodity market the movement is limited despite the sharp drop in the index. Contracts for kvu strengthen tm by 4%zatmco cocoa and warblers decrease by 3% and 1.5%.
The price of metals is growing slightly, gold is increasing by 0.6% and again reaches USD 4,000 per ounce. Palladium and platinum lead the wayboth metals rise by 1.2%.
Do not let the cryptocurrency market get carried away by the stock drop and wipe out the losses from the week. Bitcoin gains 1.2% and returns above $100,000. Ethereum is growing by about 3% a nrsty for many tokens reaches several tens of percent.
Already Forex is US dollar weakest among major currencieswhen lost vi to the euro (-0.2%) and to the Swiss franc (-0.2%). Strengthen the Canadian dollar and the British pound.
Airbnb published the results, where it met the expected demand, but the EPS disappointed and the market was under pressure due to tax write-offs and investments. Investors were sweating full of expansion into Asia and Jin America a the development of deferred/deferred payments.
Take-Two announced the postponement of the expected title GTA6, which caused a sharp drop in the share price.
!–cleared–>


X-Trade Brokers (XTB) is an international brokerage house that provides professional conditions for trading CFDs on forex, indices, commodities, cryptocurrencies and for investing in shares and ETFs. He is constantly improving his services, which is evidenced by a number of international awards and this is also confirmed by the domestic award of Broker of the Year and Forex Broker of the Year, which was repeated at the MoneyExpo Investment Summit. For its clients, XTB offers a professional xStation 5 trading platform with an integrated calculator, toll-free, 24-hour customer support, toll-free and daily financial market news. The distribution of contracts are complex tools and due to the use of financial leverage, they are associated with a high risk of rapid financial loss. In the case of 71% of the retail investors, trading with installment contracts with this provider resulted in a loss. You should make sure you understand how the installment contract works and whether you can afford the high risk of losing your funds.