-
In spite of a weaker European session, indices from Wall Street managed to finish yesterday's session higher. S&P 500 gained 0.41%, Dow Jones moved 0.30% higher and Nasdaq added 0.47%
-
Moods on Wall Street improved after Republicans said they will offer a 2-month debt ceiling extension, reducing risk of US default
-
Stocks in Asia also caught a bid. Nikkei moved around 0.9% higher, Kospi gained 1.5% while S&P/ASX 200 added 0.7%
-
DAX futures point to a higher opening of the European session
-
Joe Biden and Xi Jinping will hold a virtual meeting before year-end
-
United States considers whether to release part of oil reserves to halt price rally. US energy secretary also said that ban on oil exports cannot be ruled out
-
AUD, EUR and USD are the best performing major currencies while CHF and NZD lag the most
-
Precious metals trade lower, oil rally takes a pause and industrial metals trade mixed
-
Bitcoin is trading slightly below $55,000 mark
Bulls managed to defend the lower limit of market geometry on the US100 market (14,560 pts). The index launched a recovery move and managed to climb back above the 100-session moving average yesterday (red line). While risk of US default has always been almost non-existent, investors welcome Republicans' will to solve the debt ceiling issue. Source: xStation5
Daily summary: AI slowdown does not slow the rise in yields
US OPEN: AI slows, oil rises, markets fall
Market Wrap: European Stocks in the Red. AI Sinks, Oil Surges
Chart of the Day: AI to Slow Down; OpenAI IPO “Canceled” 🚨US100 Drops 1.7% at the Start of the Week💥