- European indices finished today's session mostly lower with German DAX falling 0.38% led by losses in chemicals and insurance stocks.
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Eurozone producer price inflation slowed more than expected in November, however a PMI survey suggested construction activity in the bloc contracted at the fastest pace in over two years.
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ECB's Villeroy believes that central bank should aim to reach the terminal rate by summer, but it is too early to predict what level this may be
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The British FTSE 100 advanced for a third consecutive session on Thursday, closing above 7,600 pts and just shy of a fresh record closing high, driven by gains among financials, materials, and energy stocks.
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Ukraine rejected Putin's Orthodox Christmas ceasefire proposal
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Major indexes from Wall Street resumed downward move following upbeat data from the US labour market, which reinforced concerns that the Fed will uphold its aggressive tightening process.
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The Dow tumbles 0.85%, while the S&P 500 is trading 0.75% lower and Nasdaq fell nearly 1.0%. Tomorrow investors will focus on the nonfarm payroll report for clues about the next move in interest rates.
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ADP report showed that private businesses created 235K jobs in December, higher than an upwardly revised 182K in November and well above market forecasts of 150K.
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Jobless claims fell to 204k, from the previous week's revised level of 223k and below analysts’ estimates of 225k.
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Fed's George said the US central bank will maintain rates until 2024, while Bostic believes that despite signs that prices are moderating, there is still a lot of work to be done.
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Fed’s Bullard said policy is not yet restrictive, but it will be soon with additional hikes. US GDP is likely moderating to a potential of around 2%. Inflation is likely to ease more slowly than markets anticipate. Expects the Fed to remain higher for a longer period of time in order to reduce inflation.
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Amazon.com stock dropped over 1.0% after the e-commerce giant plans to shed around 18,000 jobs, which is more than initially expected.
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Oil prices rose over 2.0% as stocks of crude oil in the US went up by 1.694 million barrels, more than market expectations of a 1.154 million rise, according to fresh EIA report
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NATGAS plunged 11.0% to 1-year low around $3.70 after a federal report showed a smaller-than-expected storage draw.
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Precious metals also fell sharply on Thursday amid a stronger dollar. Gold fell over 1.0% and pulled further away from recent high at $1865 per ounce, while silver tumbles over 2.5% and is moving towards major support at $23.00 per ounce
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The dollar index jumped to 105 level for the first time since mid- December with some of the most pronounced buying activity against the British pound and risk-sensitive currencies such as the Australian and New Zealand dollars.
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Major crypto currencies trade mixed, however moves are rather limited. Bitcoin rose 0.20% and trades below the $16800 level, while Ethereum fell 0.50% below the $1250 mark.
UK100 futures which are tied to British FTSE 100 are oscillating around all-time highs at 7650 pts. Nevertheless taking into account the overall negative sentiment, a pullback towards local support at 7500 pts cannot be ruled out. Source: xStation5
