- Wall Street indices finally managed to book hefty gains yesterday after a rather poor start to the week. S&P 500 gained 0.59%, Dow Jones moved 0.35% higher and Nasdaq added 0.83%. Small-cap Russell 2000 traded 0.7% higher
- Indices from Asia-Pacific traded mostly higher today. S&P/ASX 200 jumped 0.4%, Nifty 50 added 0.3% while Nikkei traded 0.4% lower. Hong Kong's Hang Seng index surged around 2.5%
- Chinese traders were off today as a Mid-Autumn Festival begins in the country. Celebrations will continue throughout the next week
- DAX futures point to a more or less flat opening of the European cash session today
- According to Goldman Sachs, strikes leading to wage highs for unionized workers are unlikely to drive fuel reacceleration in US inflation and are more of a lagging indicator of last year's inflation surge
- Core CPI inflation in the Japanese Tokyo area decelerated from 2.8 to 2.5% in September (exp. 2.6% YoY)
- Japanese industrial production was flat in August (0.0% MoM) while market expected a drop of 0.9% MoM
- Japanese retail sales were 7.0% YoY higher in August (exp. 6.5% YoY)
- Australian private sector credit increased 0.4% MoM in August (exp. 0.3% MoM)
- Cryptocurrencies are trading higher today - Ethereum gains 0.3%, Dogecoin trades 0.5% hgiher and Ripple adds 0.1%. Bitcoin lags and is 0.1% down today
- Energy commodities trade mixed - oil drops 0.2% while US natural gas prices climb 1.2%
- Precious metals benefit from a pullback on USD market - gold trades 0.1% higher, silver surges 1.5% and platinum adds 0.6%
- AUD and NZD are the best performing major currencies while JPY and USD lag the most
US100 bulls defended a key support zone marked with 23.6% retracement as well as the lower limit of the Overbalance structure and an attempt to launch a recovery move can be observed. Source: xStation5
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