- US indices finished yesterday's trading significantly higher. S&P 500 gained 1.75%, Dow Jones added 1.05% and Nasdaq moved 2.57% higher. Small-cap Russell 2000 jumped 2.59%
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Indices from Asia-Pacific traded mixed. Nikkei fell 0.04% and S&P/ASX 200 gained around 0.25%, Kospi dropped 1.9%. Chinese indices traded higher
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DAX futures point to a lower opening of the European cash session
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Italian Prime Minister Meloni said the ECB's European Stability Mechanism (ESM) bailout fund conditions that are "too stringent" and may never be used
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Meloni also said Covid situation in Italy is under control
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China-developed Covid-19 antiviral pill appears to be as effective as Pfizer’s Paxlovid
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PBOC injected a net of CNY 975 billion into the banking system this week, the largest weekly injection since 2019
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South Korea CPI was at 5.0% YoY in December, in line with expectations
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The Times’ suggested that UK Prime Minister’s is willing to halve financial support on energy bills for businesses due to costs
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TC Energy restarted Keystone pipeline's Cushing leg and all the delivery points are now operational. However the pipeline will operate with additional risk mitigation measures, this includes reduced operating pressures.
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Major cryptocurrencies trade lower today. Bitcoin fell 0.5%, Ethereum dropped 0.6%
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Energy commodities trade mixed - Brent and WTI gain around 0.2% and 0.5% respectively while US natural gas prices plunged 1.9%
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Precious metals trade higher - silver jumped 0.7%, gold gains 0.3%
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JPY and USD are the best performing major currencies while EUR and NZD lag the most
AUDUSD pair continues to trade in between 50- and 200-hour moving averages, awaiting a catalyst for a break. Source: xStation5
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