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Most European stock indices posted gains today. The Polish WIG20 did particularly well, gaining 1.62%. The German DAX rose by 1.34% and remained above the 14,500 point barrier.
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Mixed sentiment is currently prevailing on Wall Street. The indices have erased most of the gains made at the beginning of the session and currently remain just above yesterday's closing levels. The leader of the increases is still the technology index Nasdaq, which is up by 0.39%.
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Technology giant Amazon conducted its first stock split in 23 years today. The company is already trading over 3% higher.
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Shares of DIDI erased part of more than 60% of the gains and are now trading 35% higher. The reason for such a strong appreciation was the announcement that the Chinese authorities have ceased their investigation of the company. This would allow Didi's app to return to mobile stores - a critical issue for survival of the ride-hailing company.
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Tomorrow at 5:30 a.m. BST, the Reserve Bank of Australia is expected to announce its monetary policy decision. The Bank is expected to raise the interest rate by 25 basis points, bringing the main rate to 0.60%. However, some say that the Bank could go even further and raise the interest rate by 40 basis points.
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There is also a lot going on in the British pound, which is awaiting the results of a no-confidence vote against UK Prime Minister Boris Johnson. The results of the vote are expected to be announced at around 9:00 p.m. BST.
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The USD/JPY pair has broken out to the highest levels since 2002. Today's appreciation of the dollar against the yen was supported by the rising yields of 10-year bonds, which returned above 3% and the positions of the BoJ chief, who maintained his ultra dovish stance.
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EURUSD is trading lower with a sharp rise in yields, where 10-year yields have broken through 3% again and are at their highest since late April/early May. Interestingly, there has been a very hawkish outlook on the ECB decision.
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In the commodities market, NATGAS dominated today, gaining over 9% on the back of hot weather forecasts and higher demand in the coming weeks. Gold is losing almost 0.5% and US 10-year Treasury bond yields have climbed above 3%.
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It appears that initial hopes of being able to export grain from Ukraine to avoid a global food crisis may prove illusory. Today, the price opened with about a 3% gap due to the market's fear of not being able to ship stored wheat and corn stocks out of Ukraine. Zelensky indicated that about 22-25 million tons of grain are currently stuck in Ukraine. This is primarily related to the inability to use the ports. According to the president, 75 million tons of grain may already be ready for export in the autumn.
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In the crypto market we see today increases, and BTC managed to return above the $31,000 barrier. Solana is doing very well, trading up over 6.5%.
