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In spite of a weaker European session, indices from Wall Street managed to finish yesterday's session higher. S&P 500 gained 0.41%, Dow Jones moved 0.30% higher and Nasdaq added 0.47%
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Moods on Wall Street improved after Republicans said they will offer a 2-month debt ceiling extension, reducing risk of US default
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Stocks in Asia also caught a bid. Nikkei moved around 0.9% higher, Kospi gained 1.5% while S&P/ASX 200 added 0.7%
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DAX futures point to a higher opening of the European session
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Joe Biden and Xi Jinping will hold a virtual meeting before year-end
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United States considers whether to release part of oil reserves to halt price rally. US energy secretary also said that ban on oil exports cannot be ruled out
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AUD, EUR and USD are the best performing major currencies while CHF and NZD lag the most
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Precious metals trade lower, oil rally takes a pause and industrial metals trade mixed
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Bitcoin is trading slightly below $55,000 mark
Bulls managed to defend the lower limit of market geometry on the US100 market (14,560 pts). The index launched a recovery move and managed to climb back above the 100-session moving average yesterday (red line). While risk of US default has always been almost non-existent, investors welcome Republicans' will to solve the debt ceiling issue. Source: xStation5
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