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US indices have another downbeat session behind but declines on Wednesday were not as steep as on Monday or Tuesday. S&P 500 dropped 0.19%, Nasdaq moved 0.51% lower and Russell 2000 dipped 0.31%. Dow Jones finished flat
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Indices from Asia-Pacific traded mostly lower today. Nikkei dropped 0.4%, S&P/ASX 200 traded 0.7% lower and Kospi moved 0.5% lower. Indices from China traded mixed while Nifty 50 added 0.2%
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DAX futures point to a flat opening of the European cash session today
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According to Bloomberg report, Biden administration is in talks with the Netherlands on imposing controls on exports of semiconductor manufacturing equipment to China
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According to New York Times, US federal prosecutors launched an investigation into Sam Bankman-Fried, CEO of FTX exchange, over manipulation market for 2 cryptocurrencies - TerraUSD and Luna
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Media reports that Chinese authorities asked insurers to purchase bonds of domestic bank as demand for those bonds from retail and other investors have dried up
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Revised Japanese GDP report for Q3 2022 showed an annualised drop of 0.8% QoQ, up from -1.2% QoQ signalled in flash reading.
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Australian exports dropped 1.0% MoM in October while imports were also 1.0% MoM lower. Trade balance came in at A$12.22 billion (exp. A$11.9 billion)
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Cryptocurrencies trade mixed but scale of moves is small. Bitcoin drops 0.2%, Ethereum trades 0.1% lower while Dogecoin adds 0.7% and Ripple moves 1.5% higher
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Energy commodities trade higher with Brent and WTI adding 1%. Precious metals trade mixed - gold and silver trade flat while platinum gains 1% and palladium adds 2.2%
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AUD and NZD are the best performing major currencies while JPY and CAD lag the most
Hang Seng (HKComp) was top performer during Asia session amid reports that China may ease Covid curbs further. The index is trading 2% higher on the day. However, we are yet to see a break above the resistance zone marked with 61.8% retracement and 200-session moving average. Source: xStation5
