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US indices finished yesterday's trading lower. S&P 500 dropped 0.13%, Dow Jones moved 0.11% lower and Nasdaq declined 0.04%. Russell 2000 gained 0.34%
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Stocks in Asia are trading mixed. Nikkei and indices from China gain, Kospi trades flat and S&P/ASX 200 moves lower
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DAX futures point to a higher opening of the European cash session
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Luis de Guindos (ECB) said that a decision on PEPP purchases in the final quarter of 2021 will be made in September. He also said that he expects inflation to continue to accelerate in the remainder of the year but 2022 should see deceleration
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Chinese manufacturing PMI (Caixin/Markit) dropped from 50.3 to 49.2 in August (exp. 50.2)
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Australian Q2 GDP growth reached 0.7% QoQ (exp. 0.5% QoQ). On year-over-year basis growth was 9.6% YoY
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South Korean exports increased 29% YoY in August. Semiconductor exports were 43% YoY higher
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API report pointed to a 4.05 million barrel draw in oil inventories (exp. -2.8 mb)
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Bitcoin trades slightly above $47,000 mark
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Precious metals are trading lower today, along with agricultural goods. Oil gains while industrial metals trade mixed
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AUD and USD are the best performing major currencies while CHF and JPY lag the most
USDCHF bounced off the 200-session moving average earlier this week and subsequent upward move has brought the pair to the resistance zone at 0.9200. This area is marked with previous price reactions, upper limit of the short-term trading range as well as 50% retracement of the correction move started at the beginning of Q2 2021. Source: xStation5