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Wall Street indices traded higher today, supported by easing of the US dollar rally
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European stock markets indices finished today's trading with noticeable gains with most blue chips indices from the Western Europe closing 1.4-1.7% higher. Polish WIG20 was a leader in Europe with a 4% jump
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Fed's Bullard is leaning towards another 75 bp rate hike in September even if inflation data shows deceleration
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Fed's Waller said he also support another big rate hike at September's meeting
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WSJ reports that ECB will begin discussions on QT in early-October 2022 and balance sheet run-off may begin in Q1 2023
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A Canadian jobs report showed a 39.7k drop in employment, driven by a 77.2k decrease in full-time employment. Unemployment rate jumped from 4.9 to 5.4%
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Chinese CPI inflation decelerated from 2.7 to 2.5% YoY in August while PPI inflation decelerated from 4.2 to 2.3% YoY
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Bank of England postponed monetary policy decision from September 15 to September 22, 2022 amid national mourning following Queen Elizabeth II's death
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Cryptocurrencies rallied today with Bitcoin jumping over 10%
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Commodities benefit from weaker US dollar and overall risk-on moods. Brent jumped back above $90 per barrel and trades almost 5% higher on the day
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Japanese yen regained some ground after verbal intervention from Governor Kuroda. Kuroda said that recent rapid yen depreciation is undesirable and market took it as a warning that BoJ may step in to intervene in the FX markets
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AUD, CHF and JPY are the best performing major currencies while USD and CAD lag the most
S&P 500 (US500) rallies today, trading 1.5% higher at press time. The index cleared 50- and 100-session moving averages today and is looking towards a test of the 4,100 pts resistance zone. Source: xStation5
