- US and European index futures trade slightly higher after the beginning of new week's trade as feared Israeli ground invasion of Gaza Strip did not commence
- Trucks with humanitarian aid were allowed into Gaza via border crossing with Egypt
- Oil drops over 1% today while gold gives back part of recent gains
- AUD and USD are the best performing major currencies while CHF and EUR lag the most
- Indices from Asia-Pacific are trading lower at the start of a new week. Nikkei drops 0.6%, S&P/ASX 200 trades 0.8% lower and Kospi declines 0.7%. Indices from China traded 0.3-0.9% lower
- Liquidity conditions in Asia were thinner today than usual as stock exchanges in Hong Kong and New Zealand were shut for holiday
- According to Financial Times, the European Union is considering gas price cap extension in order to avoid the winter crisis. Such decision is being considered amid risk to gas supply - conflict in Middle East and damages to Baltic pipelines
- According to Goldman Sachs, FX outflows from China reached $75 billion in September and were the highest since 2016
- Cryptocurrencies are trading higher - Bitcoin gains 3.5%, breaks above $30,000 mark and trades at the highest level in 3 months
Bitcoin broke above the $30,000 resistance zone and trades at the highest level since mid-July 2023. Source: xStation5
Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf
Morning Wrap: US–Iran Peace Talks in the Shadow of Trump’s Ultimatum
Technical analysis: Bitcoin gains and approaches important resistance zone
Crypto news 📈 Bitcoin rebounds approaching $80k level
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