- US indices finished yesterday's session lower despite dovish FOMC minutes. S&P 500 fell 0.72%, Dow Jones moved 0.50% lower while Nasdaq lost 1.25%. Russell 2000 dropped 1.64%
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Also indices from Asia-Pacific traded mostly lower today. S & P / ASX 200 fell 0.23% while Nikkei lost 0.85%. Indices from China traded lower. Kospi dropped 0.42%
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DAX futures point to a slightly lower opening of the European cash session
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Odds of a 50 bps rate hike in the US next month move up after the FOMC meeting minutes
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Water level at a key waypoint on the Rhine River is forecast to rise above a critical level this weekend, according to Bloomberg
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Goldman Sachs and Nomura cut their forecasts for China's GDP, to 3% from 3.3% and to 2.8% from 3.3%, each, citing weak July economic data and near-term energy issues.
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US and Taiwan will commence formal negotiation on trade agreement
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Russia has started to gradually increase oil production amid easing sanctions-related curbs and increased purchases from Asian buyers, prompting Moscow to raise its forecast for output and exports until the end of 2025, Reuters reported.
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Russia's earnings from energy exports this year up 38% on 2021
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OPEC's secretary Al Ghais forecasts global oil demand rising 3 million bpd by year end
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Australia employment change in July -40.9K (expected +25K), unemployment rate 3.4% (expected 3.5%)
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Cryptocurrencies are trading higher today. Bitcoin rose over 1.3% and Ethereum jumped more than 1.0%
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Oil is trading slightly higher. WTI trades near $ 87.90 per barrel while Brent is approaching $ 93.80 mark
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Mixed moods prevail on the precious metals market. Gold trades 0.25% higher while silver fell 0.40% amid stronger dollar
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JPY and CHF are the best performing major currencies while EUR and GBP lag the most
Gold pulled back sharply during yesterday's session and is currently testing major support at $1760.00 Source: xStation5
