- Wall Street indices extend post-FOMC gains today, with Nasdaq-100 and Dow Jones climbing to all-time highs
- S&P 500 gains 0.6%, Dow Jones and Nasdaq trade 0.5% higher while small-cap Russell 2000 rallies 3%
- European stock market indices finished today's trading higher - French CAC40 gained 0.6%, UK FTSE 100 jumped 1.3% while Italian FTSE MIB added 0.2% and Spanish Ibex moved 0.7% higher. German DAX was a laggard with 0.1% drop
- Swiss National Bank left interest rates unchanged at 1.75%, in-line with market expectations. SNB hinted that it may engage in FX market interventions that are aimed at supporting CHF, rather than focusing on weakening as it was the case earlier
- Norges Bank delivered an unexpected 25 basis point rate hike today, pushing the main interest rate to 4.50%. NOK surged but it was said that it is likely the final hike of the cycle and rates wil stay at high levels for some time
- Bank of England kept rates unchanged at 5.25%, the highest level in 15 years. Decision was in-line with expectations. GBP gained as BoE Governor Bailey pour some cold water onto market's rate cut expectations
- European Central Bank left interest rates unchanged and lower inflation forecasts for 2023 and 2024. EUR gained as ECB Lagarde said that rate cuts were not discussed at all
- SEC Chair Gensler said that SEC is still weighing between 8-12 spot Bitcoin ETFs but declined to say whether spot Bitcoin ETF will receive a greenlight
- US retail sales increased 0.3% MoM in November (exp. -0.1% MoM) while sales excluding autos were 0.2% MoM higher (exp. -0.1% MoM)
- US jobless claims came in at 202k (exp. 222k) while continuing claims picked up from 1.861 million to 1.876 million (exp. 1.879 million)
- US business inventories dropped 0.1% MoM in October (exp. 0.0% MoM)
- EIA report pointed to a 55 billion cubic feet drop in US natural gas inventories, slightly less than 60 bcf expected. NATGAS ticked lower following the release
- Cryptocurrencies are traded higher today - Bitcoin gains 0.5%, Ethereum adds 2% while Dogecoin rallies 2.4%
- Brent gains almost 4% and continues recovery rally launched after a test of the $72.50 support zone yesterday
- Precious metals benefit from post-FOMC USD weakness - gold gains 0.5%, silver jumps 1.7% and platinum rallies 2.5%. Palladium is surging over 10%
- GBP and EUR are the best performing G10 currencies while USD and JPY lag the most
EURUSD climbed to 1.10 area, driven by hawkish ECB and dovish FOMC meeting. Source: xStation5
