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Indices from Asia-Pacific traded mixed today. S&P/ASX 200 dropped 0.1%, indices from China traded 0.7-1.2% lower, Nikkei gained 0.3% and Kospi moved almost 1% higher. Nifty 50 traded flat
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DAX futures point to a slightly higher opening of the European cash session today
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S&P 500 futures trade slightly above Friday's cash closing prices
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BoJ Governor Ueda said that sustainable 2% inflation has not been reached yet. However, Ueda also said that he expects a sharp fall in inflation in the middle of 2023 fiscal year (April 2023 - March 2024)
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OPEC Secretary General Ghais said that cartel would welcome Iran's full return to oil markets but only once sanctions on Iran are lifted
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ECB Wunsch said that continuation of expansive fiscal policy in Europe requires stronger monetary policy reaction. Wunsch said that real rates remain low and more hikes may be needed
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Australian building approvals plunged 8.1% MoM in April (exp. +2.2% MoM)
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New Zealand building permits dropped 2.6% MoM in April, after a 6.6% MoM increase in March
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Japanese unemployment rate dropped from 2.8 to 2.6% in April (exp. 2.7%)
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Cryptocurrencies are trading mixed with major gains posting some gains. Bitcoin trades 0.3% higher, Ethereum adds 0.4% and Ripple jumps 2.2%
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Oil is trading around 1% lower while US natural gas prices trade flat
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Precious metals are trading mixed - gold drops 0.4%, silver plunges 0.7%, platinum gains 0.5% and palladium rallies 1.4%
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USD and CAD are the best performing major currencies while AUD and NZD lag the most
Kospi (KOSP200) outperformed today during an otherwise mixed Asian trading. Index opened with a big bullish price gap following a long weekend (there was no session in South Korea yesterday). The move higher can be seen as 'catching up' with news of US debt ceiling deal being reached. KOSP200 broke above 335 resistance zone and reached the highest level since early-June 2022. Source: xStation5
