- Wall Street indices traded mixed yesterday - S&P 500 gained 0.23%, Nasdaq jumped 0.33%, Dow Jones dropped 0.17% and small-cap Russell 2000 dropped 1%
- Adobe rallied 14.8% in the after-hours trading after company reported better than expected fiscal-Q2 results and boosted full-year guidance
- Indices from Asia-Pacific are trading mixed today - Nikkei gains 0.4%, S&P/ASX 200 drops 0.3%, Kospi trades 0.3% higher and Nifty 50 adds 0.2%. Indices from China trade 0.2-0.6% lower
- European index futures point to a higher opening of the cash session on the Old Continent today
- Bank of Japan kept interest rates unchanged, in-line with market expectations. However, Bank also decided to keep bond purchases unchanged at 6 trillion JPY per month (around $38 billion)
- Decision to continue with bond purchases at previous pace was a dovish surprise, as markets expect BoJ to start reducing them
- BoJ, however, agreed to discuss and decide on specific bond buying reduction plan at the next policy meeting
- JPY dropped following BoJ decision and is the worst performing G10 currency at press time
- Japan's industrial production declined 0.9% MoM in April (exp. -0.1% MoM). On year-over-year basis, production declined 1.8% (exp. -1.0% YoY)
- New Zealand manufacturing PMI dropped from 48.9 to 47.2 in May
- Energy commodities trade higher - oil gains 0.3% and US natural gas prices rise 0.4%
- Precious metals also advance - gold and palladium gain 0.2%, silver trades flat and platinum jumps 0.6%
- CAD and USD are the best performing major currencies while JPY and NZD lag the most
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