- European indices finished today's session lower with Germany’s DAX down almost 0.33%, CAC40 fell 0.77% and FTSE100 lost 0.98%;
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Three major Wall Street indices pared early gains and resumed downward move. Dow Jones trades 0.54% lower, while S&P 500 and Nasdaq fell 0.63% and 0.74%respectively;
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BoC hiked its key policy rate by 0.50% on Wednesday to 1.5% while signaling that the central bank will hike interest rates further in the coming meeting.
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The ISM Manufacturing PMI for the US unexpectedly rose to 56.1 in May from 55.4 in April, beating market forecasts of 54.5.
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The number of job openings in the US was 11.400 million in April, down from a revised record high of 11.855 million in March, matching market expectations and suggesting companies continued to struggle to hire new workers.
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German retail sales fell 5.4% in April, as a rise in food prices weighed on consumer spending;
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The yield on the US 10-year government bond rose to above 2.94%;
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CAD and USD are the best performing major currencies while JPY and GBP lag the most;
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Precious metals trade higher in the evening. Silver adds 1.7% and gold is up 0.80%.
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Oil prices remained volatile on Wednesday, with WTI crude trading around $115.60 per barrel, while Brent jumped above $116.70 per barrel;
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The sell-off in US indices has put pressure on cryptocurrency valuations. Bitcoin is testing $30,000 level and Ethereum fell below the $1,940 barrier.
Bitcoin once again fell to a major support zone located around $30,000. Source: xStation5
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