- Wall Street indices finished yesterday's trading higher, following big revision to annual payrolls data and dovish FOMC minutes
- S&P 500 gained 0.42%, Dow Jones moved 0.14% higher, Nasdaq added 0.57% and small-cap Russell 2000 surged 1.31%
- FOMC minutes from July meeting showed that vast majority of FOMC members said it would be appropriate to cut rates in September. FOMC members also noted increased risks to employment-side of Fed's mandate
- US Bureau of Labor Statistics revised non-farm payrolls data for April 2023 - March 2024 period lower by 818k, more or less in the middle of market expectations (600-1000k)
- Indices from Asia-Pacific traded mostly higher today - Nikkei gained 0.4%, S&P/ASX 200 added 0.3%, Kospi traded flat and Nifty 50 gained 0.2%. Indices from China traded mixed
- European index futures point to a flat or slightly higher opening of today's cash session for major blue chips indices from the Old Continent
- Flash manufacturing PMI index from Australia improved from 47.5 to 48.7 in August (exp. 47.5), while services PMI improved from 50.4 to 52.2 (exp 50.1)
- Japanese manufacturing PMI index improved from 49.1 to 49.5 in August (exp. 49.8)
- Major cryptocurrencies pull back today - Bitcoin drops 0.8%, Ethereum trades 0.6% lower and Dogecoin declines 1.6%
- Energy commodities drop slightly - oil trades 0.1% lower, while US natural gas prices are down 0.6%
- Precious metals trade mixed - gold and silver drop 0.3%, while platinum trades flat and palladium gains 0.9%
- CAD and JPY are the best performing major currencies, while AUD and GBP lag the most
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