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US indices slumped yesterday after the US infrastructure bill got delayed. However, major indices managed to finish the day off the session lows. S&P 500 dropped 1.14%, Dow Jones moved 1.23% lower and Nasdaq dropped 1.24%. Russell 2000 finished 1.57% lower
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US President Biden spoke with Senator Manchin and the two agreed to continue negotiations on US infrastructure bill in 2022
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Indices from Asia recovered part of yesterday's declines today. S&P/ASX 200 added 0.8%, Nikkei moved 2% higher and Kospi gained 0.5%. Indices from China traded 0.4-0.8% higher
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DAX futures point to a higher opening of the European cash session today
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First Omicron-related death in the United States was reported in Texas. Studies show that over 70% of recent new Covid-19 cases in the United States were cases of Omicron
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Turkish lira continues a massive reversal that started yesterday. USDTRY trades over 30% below yesterday's highs and dropped below 12.00 mark
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Turkish president Erdogan said that the country will implement measures to limit FX volatility
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RBA minutes showed that while central bank sees Omicron as a new source of uncertainty, it does not expect new variant to derail economic recovery
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New Zealand credit card spending jumped 4.5% MoM in November
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South Korean exports increased 20% YoY during the first 20 days of December. Imports increased 42.1% YoY
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Bitcoin jumped during the Asian session and managed to climb above $48,500
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Precious metals trade mixed - gold and platinum drop while silver and palladium
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Oil and industrial metals trade higher
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AUD and NZD are the best performing major currencies while JPY and CHF lag the most
The Turkish lira launched a massive reversal yesterday after Erdogan's speech in the evening. Erdogan said that the country will take steps to ease FX volatility and guarantee local currency deposits. According to banking industry data, over $1 billion in savings was converted into TRY following Erdogan's speech. USDTRY traded 40% below yesterday's peak when it reached today's daily lows. Source: xStation5
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