- Wall Street is making up for yesterday's losses following the Fed's decision. Markets have quickly recovered from Chairman Jerome Powell's hawkish speech, and investor attention is now focused on post-session publications from Amazon, Meta, and Apple.
- US100 rebounds from the key support line of the growth channel around 17,250 points, gaining 0.70% to 17,400 points. US500 sees even bigger gains of 0.80%, returning above 4,900 points.
- Dollar (USD), strong in the first part of the day, ends the session as one of the weakest G10 currencies. EURUSD gains 0.50% to 1.0866.
- The EIA report showed a significant drop in gas inventories: -197 bcf (expected: -202 bcf; previous: -326 bcf), indicating high demand even amid high temperatures.
- The US PMI reports were very solid. Although the ISM reading for manufacturing remained below the 50-point threshold, the readings were better than expected:
- PMI for Manufacturing: current 50.7; forecast 50.3; previously 47.9;
- ISM for Manufacturing: current 52.9; forecast 46.0; previously 45.2;
- ISM for Manufacturing: current 49.1; forecast 47.2; previously 47.1;
- ISM New Orders Index: current 52.5; forecast 48.2; previously 47.0;
- ISM Employment Index: current 47.1; forecast 47.0; previously 47.5;
- US unemployment claims were worse than expected, but the data remains very low historically:
- current 1.898K; forecast 1.840K; previously 1.828K;
- current 224K; forecast 213K; previously 215K;
- Eurozone inflation data showed slightly higher price dynamics in January than market expectations:
- Headline: Currently 2.8% y/y. Expected: 2.7% y/y. Previous: 2.9% y/y
- Core: Currently 3.3% y/y. Expected: 3.2% y/y. Previous: 3.4% y/y
- The cryptocurrency market is witnessing a rebound today. Improved sentiment is driven by positive news regarding inflows into spot ETFs for Bitcoin. While outflows from Grayscale decrease for another consecutive day, the total net flows from all ETFs reach over 200 million dollars per day for the last two days.
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