- European indices closed higher for the third session on Tuesday, with Germany's DAX up nearly 2.7% after two unnamed sources cited by Reuters revealed that Gazprom may partially resume gas deliveries via NordStream I on Thursday.
- Wall Street indices rose sharply on Tuesday , with Dow Jones up over 2.00%, while S&P500 and Nasdaq rose 2.40% and 2.70% respectively supported by upbeat results from Johnson& Johnson, Hasbro and IBM, however the big tech company lowered its cash flow forecast. Netflix will release its quarterly figures after market close.
- Corn futures fell to $600.00 after the USDA weekly report pointed towards a stabilizing condition of the U.S. crop in its key pollination phase, easing concerns over global supplies.
- Oil prices rose around 1.0% amid persistent supply concerns. In the near future, supply gaps are unlikely to be filled by extra output from OPEC+ despite efforts from the United States to bring more oil to markets to help tame energy costs.
- Gold and silver rose slightly amid weaker dollar
- Currently NZD and AUD are the best performing major currencies while CHF and USD lag the most.
- Major cryptocurrencies recorded solid gains during today's session amid improved risk sentiment. Bitcoin jumped above $23,300, while Ethereum tested $1600 level.
US2000 is testing psychological resistance at 1800 pts. Source: xStation5
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