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US indices gained during the first trading session after a long weekend. S&P 500 added 0.16%, Nasdaq surged 1.75% and Russell 2000 gained 0.79%. Dow Jones was a laggard and dropped 0.42%
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Stocks in Asia took a hit today. Nikkei dropped 1.1%, S&P/ASX 200 moved 0.3% lower and Kospi plunged 1.8%. Indices from China traded 1-2% lower
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DAX futures point to a higher opening of the European cash session today
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UK Chancellor of Exchequer Sunak and UK health minister Javid resign along with a number of lower-rank Conservative Party officials. Discontent with party leadership, especially Prime Minister Boris Johnson, was explained as a reason
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Russian court ordered a 30-day halt on exports from CPC terminals in Black Sea. CPC terminals have a maximum export capacity of slightly below 3 million barrels per day and mainly export crude from Kazakhstan
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Norway government intervened to end oil workers strike
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Citi estimates that oil price may drop to $65 in case of a recession
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Most cryptocurrencies trade lower today. Bitcoin drops 1.6% to $20,000 while Ethereum trades 1.7% lower
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Oil prices stabilized after yesterday's massive plunge. WTI trades little changed near $99.50 while Brent gains slightly
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Precious metals pull back. Platinum and silver drop over 1% while gold trades 0.1% lower
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Safe haven flows can be spotted on the FX market with JPY and CHF being top performing G10 currencies. AUD, NZD and GBP lagged the most
Brent (OIL) retested lows from May 11, 2022 in the $101.30 area during yesterday's plunge. A sell-off has been halted for now, price managed to recover above the support zone marked with 78.6% retracement of the upward move started in March. Source: xStation5
