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US indices finished yesterday's session at record highs. S&P 500 gained 1.11%, Dow Jones added 0.90%, Nasdaq jumped 1.31% and Russell 2000 moved 0.42% higher
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Stocks in Asia traded higher as well. Nikkei and Kospi gained 0.1% while indices from China traded 0.2-0.5% higher. S&P/ASX 200 was trading slightly lower
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DAX futures point to a higher opening of the European session
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Chinese economy grew 0.6% QoQ in Q1 2021 (exp. 1.5% QoQ). Industrial production in March was 14.1% YoY higher (exp. +17.2% YoY), retail sales were 34.2% YoY higher (exp. 28% YoY) while urban investments increased 25.6% YoY (exp. 25% YoY)
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Russian Foreign Ministry said that use of US dollar and western payments systems is being questioned amid recent sanctions
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Pfizer said that a third shot of its vaccine may be needed 9-12 months after the first shot. The company also did not rule out a need of taking shots annually
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Turkey has banned use of cryptocurrencies for payments, starting from April 30
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Bitcoin trades near $61,000
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Precious metals trade mixed, industrial metals decline while oil gains
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EUR and CAD are the best performing major currencies while AUD and GBP lag the most
OIL continues recovery from mid-March declines. Brent is testing resistance zone at $67.15, marked with 61.8% retracement of a recent downward move. Source: xStation5
US Open: Nasdaq, gold and silver surge following... an interest rate hike (17.09.2026)
Chart of the day 🔼 Gold rebounds 1.3% despite hawkish Fed stance (17.09.2026)
📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.