- US indices finished yesterday's trading significantly higher ahead of highly anticipated FED decision. S&P 500 jumped 1.46%, Dow Jones moved 1.09% higher and Nasdaq rose 1.67%. Russell 2000 surged 2.07%
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Indices from Asia-Pacific followed into footsteps of US peers and also traded higher. Nikkei gains 0.11%, S&P/ASX 200 moved 0.33% higher, Kospi advanced 0.71%. Indices from China traded mostly higher as well
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DAX futures point to a lower opening of the European cash session
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US official acknowledges Japan, Netherlands deal to curb chipmaking exports to China
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RBA's Kohler said the policymakers believe that inflation peaked in Q4
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Brexit deal over Northern Ireland has been agreed to, according to UK Times
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Australian January (final) Manufacturing PMI 50.0 (prior 50.2)
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Japan Jibun January PMI (final) : Manufacturing 48.9 (prior 48.9)
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South Korean January exports fell 16% YoY
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New Zealand unemployment rate rose to 3.4% in Q4 from prior 3.3%
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BNZ now expects the RBNZ cash rate to peak at 5% (vs. 5.5% prior forecast)
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China PMI data: Caixin Manufacturing PMI January 49.2 (previous 49.0)
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API report showed bigger than expected crude inventory build
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Energy commodities trade higher with oil gaining around 0.1-0.3%
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Precious metals pull back slightly. Gold drops 0.2% and silver trades 0.1% down
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Cryptocurrencies also moved lower. Bitcoin fell 0.4%, Ethereum lost 0.4% while Dogecoin plunges over 3%
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AUD and EUR are the best performing major currencies while CAD and JPY lag the most
US2000 rose sharply on Tuesday as investors seem to expect more dovish FED in the evening. If current sentiment prevails, upward move may accelerate towards major resistance at 1960 pts, which coincides with 38.2% Fibonacci retracement of the downward wave launched in November 2021. Source: xStation5
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