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US indices took another dive yesterday, leading S&P 500 to finish September as the worst month in post-pandemic era (-4.75%)
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S&P 500 finished yesterday's trading 1.19% lower lower, Dow Jones dropped 1.59% while Nasdaq declined 0.44%. Russell 2000 moved 0.72% lower
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Stocks in Asia also took a hit. Nikkei dropped 2.2%, S&P/ASX 200 moved 2% lower and Kospi declined 1.5%. Indices from China did not trade today
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DAX futures point to a lower opening of the European session
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US Congress passed a stop-gap funding measure to avoid government shutdown. Bill was already signed by President Joe Biden
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US House of Representatives delayed vote on infrastructure until today
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Chinese Vice Premier Han Zheng issued a directive ordering Chinese energy companies to secure supply of energy commodities for winter at all cost. Prices of oil jumped after the announcement
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According to Australian media, the European Union postponed free trade talks with Australia. It is said that it is revenge for Australia dropping a $90 billion submarine contract it had with one of French companies. Talks are set to be delayed from October to November
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Japanese manufacturing PMI index for September dropped from 52.7 to 51.5 (exp. 51.2)
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Australian manufacturing PMI index for September dropped from 51.6 to 51.2 (exp. 52.4)
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Bitcoin and other cryptocurrencies seem to resist downward pressure and trade more or less flat on the day
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Commodities - precious metals, industrial metals and oil - are trading lower on the back of USD strengthening
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USD and JPY are the best performing major currencies while CAD and NZD lag the most
Nikkei (JAP225) was one of the worst performing blue chips indices during Asian session today. The Japanese index took a steep dive following a break below the 29,500 pts support zone a day earlier. Index is currently testing swing area ranging around 28,700 pts - the lowest level in a month. Source: xStation5
