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In spite of upbeat moods seen during the European session, indices from Wall Street finished yesterday's trading lower. S&P 500 dropped 0.84%, Dow Jones moved 0.69% lower and Nasdaq declined 0.81%. Russell 2000 traded 0.34% lower
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Indices from the Asia-Pacific region traded mostly lower today. S&P/ASX 200 dropped 0.6%, Kospi slipped 0.2% and indices from China traded up to 1.3% lower. Nikkei was outperformer with 0.6% gain
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DAX futures point to a lower opening of the European cash session today
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Russian Gazprom notified some of its European customers that it may be unable to guarantee gas supplies. Company retroactively declared force majeure on supply dating from June 14, 2022
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US House Speaker Pelosi is set to visit Taiwan next month, in a move that is likely to anger China. Previous visit (earlier this year) was canceled after China voiced its opposition and labeled the visit a provocation
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US Treasury Secretary Yellen said that discussions with South Korea over Russian oil price cap were encouraging
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According to minutes, RBA expects Australian inflation to peak in 2022 and drop back to 2-3% target range in 2023. RBA minutes also showed that members discussed 25 or 50 basis point rate hike
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New UK finance minister said that he intends to remove "hundreds" of EU financial regulations and replace them with UK-versions
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Cryptocurrencies are adding to yesterday's gains with Bitcoin trading2% higher and Ethereum gaining 3.5%
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Oil is trading slightly higher on Tuesday morning. WTI trades a touch above $99 per barrel while Brent tests $106 per barrel area
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Precious metals gain - gold trades 0.1% higher, silver adds 0.3% and platinum advances 0.4%
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AUD and NZD are the best performing major currencies while USD and EUR lag the most
AUD is the best performing G10 currency today, following the release of RBA minutes that showed the Bank being optimistic about getting inflation under control. AUDUSD continues upside breakout from the downward channel and is making another test of the resistance zone in the 0.6860 area. Source: xStation5
