- APAC region indices came under pressure as yields rose. The Nikkei lost 0.66%, the Hang Seng was down nearly 1.89%, and the Kospi lost 1.01%.
- Highlights of the day include the German CPI report (final), UK unemployment/wage data, German ZEW, US NY Fed Manufacturing and Canadian CPI, speeches by Villeroy of the ECB, Bailey of the BoE and Waller of the Fed. The calendar will be topped off with quarterly reports from Goldman Sachs, PNC Financial Services and Morgan Stanley.
- Japan's largest business lobby Keidanren calls on its members to raise workers' wages
- NATGAS drops nearly 1% today, extending the declines triggered yesterday. Brent and WTI crude oil show small ranges of movement and are trading without a common direction.
- n the currency market, the U.S. dollar is currently performing best. Antipodean currencies are trading under heavy downward pressure. The EURUSD pair is holding slightly above the 1.0900 zone.
- European index futures are trading lower. The DE40 is losing 0.6%, and the UK100 is trading 0.65% lower.
- Cryptocurrencies are trading in mixed sentiment, with Bitcoin gaining 0.2% and Ethereum gaining 0.63%. Altcoins, for the most part, are also trading slightly higher on an intraday basis.
- Precious metals are losing ground early in today's session. Gold is trading 0.25% lower and down to the key barrier of $2050. Silver is currently down 0.6%.
The EURUSD pair continues its declines and is currently trading near important support zones defined by the psychological level of 1.0900 and the upward trend line initiated in October 2023. Source: xStation
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