- US indices finished yesterday's trading little changed - S&P 500 gained 0.07%, Dow Jones moved 0.02% higher and Nasdaq finished 0.01%. Russell 2000 was a laggard and dropped almost 0.7%
- Moves on the FX markets during the Asian session were limited as investors are awaiting key events scheduled for later part of this week, including decision from FOMC tomorrow and BoE on Thursday
- Indices from Asia-Pacific traded lower today - Nikkei drops 1%, S&P/ASX 200 declines 0.4% and Kospi trades 0.6% lower. Indices form China trade 0.2-0.8%
- European index futures point to a slightly lower opening of the cash session on the Old Continent
- RBA minutes showed that bankers considered hiking by 25 bp or holding steady at the September meeting before ultimately deciding on the latter. Document said that some further tightening may still be required depending on inflation developments
- Japanese Prime Minister Kishida said that Japan will prepare plan to allow overseas asset management companies to access domestic market
- Chevron CEO said that he expects oil price could reach $100 per barrel. Similar comments were made by Citi analysts who see this level being breached for a short while
- Oil continues a strong upward move and adds another 0.3% today. Brent is testing $95 per barrel area
- Precious metals are trading a touch lower - gold drops 0.1% while silver and platinum decline 0.2%
- CAD and USD are the best performing major currencies while JPY and EUR lag the most. However, trading ranges on major FX pairs are very narrow
Oil continues to move higher with Brent (OIL) approaching $95 per barrel mark. Source: xStation5
