New cyclical price lows for crude oil contracts

The main indices of the US stock market fell yesterday to the lowest level in 2 weeks (S&P 500 -1,44 percent, DJIA -1,03 percent). The Nasdaq Composite (-2%) was still above these lows.. Stocks in Asia and Oceania were also in a downward trend today. The strongest - by 3,22 percent. – Hang Seng fell today. Only the main stock indices in the Philippines and New Zealand recorded slight increases.

Minor changes on stock exchanges in Europe

The main stock indices in Europe recorded mostly small changes this morning (DAX -0,11%, CAC 40 +0,03% approx. 9:55). It was the same on Warsaw Stock Exchange (WIG-20 -0,18 percent around 9:55).

Today morning The yield on Chinese government bonds reached its highest level in a year. The U.S. government's 10-year yield dropped slightly today, hovering around 3,5 percent. The yield on Polish 10-year bonds, which briefly exceeded 9% in October and fell below 6,4% in early December, was 6,572% today in the morning.

Gas and oil are cheaper

Yesterday to yours the lowest levels since the turn of December and January, the prices of contacts fell on oil on NYMEX and ICE. Today in the morning there was a slight upward rebound in these markets. Prices of natural gas contracts in the US (Henry Hub) on the NYMEX fell yesterday to the lowest level since October, but today in the morning they compensated for this drop by rising around 9:30 a.m. by less than 4 percent.

The US dollar against the Japanese yen rose for the third day in a row today (+0,5% around 9:25). The dollar was slightly strengthening against the euro in the morning (-0,06 percent around 9:25).

The Polish zloty exchange rate was stable this morning (EUR/PLN 0 percent, USD/PLN +0,05 percent around 9:25 am).

The Bitcoin exchange rate against the US dollar fell this morning to the lowest level in a week (-1,27 percent around 9:20).

Source: Wojciech Białek, OANDA TMS Brokers