- Wall Street indices trade mostly higher today - Nasdaq gains 0.2%, Russell 2000 rallies, while Dow Jones and S&P 500 trade flat
- European stock market indices traded mostly higher today - German DAX gained over 0.2%, French CAC40 jumped 0.7%, Dutch AEX rallied 1.6% and Italian FTSE MIB closed almost 0.3% higher. UK FTSE 100 was a laggard with 0.4% drop
- US Treasury Secretary Yellen said that it is obvious there will be losses and stress in commercial real estate, but she doesn't believe it will be a systematic risk
- BoE Mann said she voted to hike rates at the latest Bank of England meeting as she sees risk of continued inflation momentum and embedded persistence
- ECB Holzmann said that there is a chance that ECB won't cut rates this year
- Fed Barkin said that upcoming inflation data is likely to be favorable, but upside inflation risks are still around. Barkin said that he needs more data to build confidence inflation is falling and that Fed can take time on its decision to cut rates
- Fed Collins said that her baseline scenario for this year is similar to 75 bp of cuts in the latest FOMC dot-plot
- US wholesale inventories increased 0.4% MoM in December (exp. 0.4% MoM). Wholesale sales were 0.4% MoM higher (exp. 0.2% MoM)
- US initial jobless claims came in at 219k (exp. 218k) while continued jobless claims reached 1.871 million (exp. 1.876 million)
- Reserve Bank of India left interest rates unchanged at a meeting today. The main rate remained at 6.50% in-line with expectations
- Czech korune dropped after Czech National Bank delivered a bigger-than-expected rate cut today. The main interest rate was lowered from 6.75% to 6.25% (exp. 6.50%)
- Chinese CPI inflation for December came in at -0.8% YoY (exp. -0.5% YoY), while PPI inflation came in at -2.5% YoY (exp. -2.6% YoY)
- Corn jumped and soybean dropped following release of WASDE report that showed higher forecasts for end stocks in the United States
- Arm Holdings surged almost 60% after reporting better-than-expected fiscal-Q3 2024 sales and earnings, as well as boosting forecasts for the full fiscal-2024
- Major cryptocurrencies trade higher today, with Bitcoin gaining over 2% and climbing above $45,000 mark
- Oil trades over 2% higher after Israeli prime minister Netanyahu rejected ceasefire proposal from Hamas and vowed to continue Gaza offensive until 'total victory'
- US natural gas prices trade almost 2% lower and have tested $1.90 per MMBTu area earlier today
- Precious metal trade mixed today - gold drops 0.1%, silver rallies 1.6%, platinum gains 0.5% and palladium slumps 1.4%
- EUR and CHF are the best performing G10 currencies, while JPY and AUD lag the most
Brent (OIL) jumped above $80 resistance zone today and is now testing 200-session moving average in the $81.50 area. Oil climbs as recent diplomatic efforts to secure ceasefire in Gaza Strip are failing to bear fruit. Source: xStation5
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