- US indices finished yesterday's trading lower, however managed to erase a large part of early losses. S&P 500 fell 1.45%, Dow Jones dropped 1.05% and Nasdaq moved 2.18% lower. Small-cap Russell 2000 plunged 1.29%
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Indices from Asia-Pacific traded lower as well. Nikkei fell 1.11%, S&P/ASX 200 lost 0.63% and Kospi traded 1.72% lower. Chinese stocks also pulled back, however the scale of declines is smaller.
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DAX futures point to a slightly higher opening of the European cash session
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Russian Deputy PM Novak said Russian natural gas output could drop as much as 20% this year, while oil output may be reduced by 5 to 7% in response to price cap
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December exports of Russia's Urals crude blend from Baltic Sea ports may fall by up to 20%, according to Reuters
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Russian interventions on the FX market will resume next year in yuan, not USD, provided that revenues from oil and gas exports exceed 8 trillion roubles, according to Reuters
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The arctic front which could affect large part of the US could potentially threaten exports of LNG, according to Bloomberg
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Chinese developer Evergrande says its getting closer to agreeing an offshore debt restructuring plan
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China chip equipment imports fell 40% YoY in November to US$2.3 billion
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Japan Core CPI for November 3.7%, in line with expectations
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Elon Musk does not plan to sell any more Tesla shares until 2025
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Major cryptocurrencies trade higher today. Bitcoin gains 0.3%, Ethereum rose 0.4% and Dogecoin jumps 1.6%.
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Energy commodities trade lower - Brent and WTI fell around 0.45% while US natural gas prices dropped nearly 1%
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Precious metals trade higher - silver rose 0.4%, gold gains 0.15%
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AUD and NZD are the best performing major currencies while CHF and JAP lag the most
EURUSD pair managed to defend key support at 1.0580, which is marked with previous price reactions and price returned above the 1.0600 mark. If buyers manage to push the pair above the earlier broken upward trendline, which coincides with two EMA's (50 and 200), upward move may gain steam. Source: xStation5
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