Changes in the exchange rates of major currencies against the Polish zloty this morning were small (around 9:05 EUR/PLN +0.09 percent, USD/PLN -0.09 percent), but it is worth noting that the price of the US dollar hit a new yearly low today .
The S&P 500 (+1.33%) and the Dow Jones Industrial Average (+1.14%) reached their highest level since February yesterday. The Nasdaq Composite (+1.99%) remained slightly below its local highs in early February and late March.
Increase in stock markets
On the stock exchanges in Asia and Oceania today dominated by the growth of major indices. The largest - by 1.2 percent. – fixed the Japanese Nikkei 225. The French CAC 40 hit a new all-time high this morning (+0.24% around 9:30 am). At the WSE WIG-20 rose by approx. 9:35 at 0.84% reached its maximum level for the month. sWIG-80 attacked the level of its local “pre-war” peak in January 2022 (+0.36%).
Among sectoral indices, WIG-Budownictwo and WIG-Nieruchomości set new cyclical highs this morning. Among the components of the WIG 20 this morning, share prices for Kruk and Santander Bank Polska hit new at least one-year highs. Among the mWIG 40 components, Develia, Dom Development and Budimex set new cyclical highs today.
Among the components of the sWIG 80, Atal, Action, Enter Air and Mirbud were the highest in at least a year. Changes in futures prices for major commodities were relatively small this morning. It is still unclear whether oil prices, spurred on by the recent OPEC+ decision to cut production, have broken through the resistance levels set by the peaks of the last 5 months (today around 9:10 WTI +0.12%, Brent - 0.1 percent).
gas prices
NYMEX natural gas (Henry Hub) futures are trading slightly above their all-time low since September 2020, set a week ago at around $2/MMBtu Gold was just below its August 2008 and March all-time highs 2022 .
It is interesting to watch the price of CBOT wheat futures as it approached its lowest level since July 2021 in March. The 10-year US Treasury yield fell to its lowest level since last September last week, but failed to continue the decline in this trend and over the past week has returned above the level of 3.4 percent.
The yield on 10-year government bonds of Poland has been growing for the last 3 weeks and this morning amounted to 6.202 percent. The EUR/USD exchange rate yesterday broke the resistance level set just above $1.10, the peak since early February, and continued to rise this morning (1.10667 +0.19% around 9:00 am), reaching the highest level in a year .
Exchange rates
The euro exchange rate against the Turkish lira has reached its historical maximum. Changes in the exchange rates of major currencies against the Polish zloty this morning were small (around 9:05 EUR/PLN +0.09 percent, USD/PLN -0.09 percent), but it is worth noting that the price of the US dollar hit a new yearly low today .
The bitcoin exchange rate against the US dollar, which in mid-March broke through a key resistance level set around $250,000, its highest since last August. and February of this year, continued its advance this morning, approaching an 11-month high of $31,000 (+2.17 percent around 8:50 am).
The sizes were reduced at the rate of BTC/USD in March of this year. The 9-month inverted head and shoulders pattern formed between roughly $15,000 and $25,000 suggests a target set last November for a mid-term rally of around $40,000.
Source: Wprost
I am George Brown, author at Daily News Hack. I mostly cover economy news and I have been doing this for quite some time now. I have a lot of experience in this field and I’m always looking for new opportunities to learn more.
