- Wall Street indices traded mixed yesterday - S&P 500 dropped 0.02%, Dow Jones declined 0.21% while Nasdaq and small-cap Russell 2000 added around 0.3% each
- So-called 'Meme stocks' were rallying yesterday. GameStop rallied over 70% and traded added another 20% in the after-hours. AMC surged almost 80% and also traded over 20% higher in the after-hours
- Indices from Asia-Pacific trade mixed today - Nikkei gains 0.2%, S&P/ASX 200 drops 0.4%, Kospi trades 0.1% higher and Nifty 50 adds 0.2%. Indices from China traded slightly lower
- News flow during the Asian session was very light. There was also no noteworthy data releases scheduled. Markets are waiting for the first piece of US inflation data later today (PPI inflation at 1:30 pm BST). Key CPI report will be released tomorrow
- European index futures point to a slightly lower opening of the cash session on the Old Continent today
- Morgan Stanley still expects Fed to cut rates three times this year, but the first cut is now expected in September rather than July
- Japan Finance minister Suzuki said that it is important for currencies to move in stable manner, reflecting fundamentals. He also added that it is important for government and Bank of Japan to coordinate policy
- Japan PPI inflation for April came in at 0.9% YoY (exp. 0.8% YoY). On a monthly basis, PPI increased 0.3% MoM (exp. 0.3% MoM)
- Major cryptocurrencies are pulling back today - Bitcoin drops 0.4% and Ethereum trades 0.2% lower
- Energy commodities trade higher - oil gains 0.1%, while US natural gas prices climb 0.2%
- Precious metals trade higher in spite of USD strengthening. Gold and palladium gain 0.4%, platinum adds 0.3% and silver rallies 1%
- NZD and USD are the best performing major currencies, whiel JPY and AUD lag the most
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