- US indices finished yesterday's session higher. S&P 500 jumped 2.13%, Dow Jones moved 1.63% higher while Nasdaq surged 2.89%. Russell 2000 added 2.95%
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Indices from Asia-Pacific traded mostly higher today. S&P/ASX 200 rose 0.94% while Kospi jumped 1.28%. Indices from China traded higher. Traders from Japan were off for holiday
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DAX futures point to a higher opening of the European cash session
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President Biden has set aside the option of scrapping some China tariffs for now
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Goldman Sachs is not expecting core inflation to come down much from current levels.
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Microsoft is lowering number of contractors and stops hiring new employees
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Pelosi said that the Inflation Reduction Act should be passed on Friday
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Fed's Daly said that despite upbeat CPI report, central bank is not near done yet in battle against inflation
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Australian August consumer inflation expectations fell to 5.9% from 6.3% in July
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Chinese city of Yiwu imposes an entire city lockdown for three days starting from today
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Cryptocurrencies are trading higher today. Bitcoin rose 3.4% and Ethereum jumped nearly 2.5%
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Oil is trading slightly higher. WTI trades near $91.50 per barrel while Brent is testing $97.00 mark
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Downbeat moods prevail on the precious metals market. Gold trades 0.40% lower and silver dropped 0.70%
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USD and CAD are the best performing major currencies while JPY and GBP lag the most
US500 managed to break above the major resistance zone around 4190 pts. If current sentiment prevails, the next target for buyers is the downward trendline which coincides with the 200 SMA (red line). Source: xStation5
