- Indices from Asia-Pacific traded mostly higher today - Nikkei gained 0.7%, S&P/ASX 200 added 0.2%, Kospi moved 0.3% higher and Nifty 50 jumped 0.5%
- Indices from China traded 0.1-0.8% lower. Hang Seng was outperformer, trading 0.1% higher
- European and US index futures trade slightly lower at the beginning of a new week
- People's Bank of China will set up a 500 billion yuan lending program (around $70 billion) to support technology sector
- According to media reports, Iran has informed United States that it will refrain from retaliating against Israel for Damascus airstrike if Gaza ceasefire is reached
- In other media, it was reported that a temporary Gaza ceasefire may be reached as soon as this week, with Hamas and Israeli sending negotiators to Egypt for fresh talks
- PIMCO now expects only 2 Fed rate cuts this year following strong US jobs data on Friday
- According to Bank of America, should oil price spike above $100 per barrel, central banks may abandon rate cuts
- Meanwhile, Goldman Sachs said that Brent oil staying below $100 per barrel is its base case scenario
- Engine cover fell off a Boeing 737-800 plane operated Southwest Airlines during take off, setting Boeing stock for a potential pressure this week
- Major cryptocurrencies trade higher at the beginning of a new week - Bitcoin and Ethereum gain 0.7% while Dogecoin jumps 1.3%
- Oil pulls back as no Iran retaliation against Israel took place over the week. Brent and WTI drop around 1.3% at press time
- Precious metals gains - gold adds 0.6%, silver rallies 1.5%, platinum gains 0.2% and palladium jumps 0.7%
- AUD and NZD are the best performing major currencies, while CHF and JPY lag the most
This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".
