Morning wrap (11.10.2023)

• Wall Street indexes closed yesterday's session in positive sentiment, although they gave back some of their initial gains in the second part of the session. The S&P500 and Nasdaq100 gained around 0.5%, while the DIJA rose 0.4%.
• Dovish comments from the Fed's Raphael Bostic similarly to Monday's comments from other Federal Reserve members suggested that the Fed may extinguish the cycle at current rate levels
• The swaps market is pricing in a 60% chance of the Fed keeping rates unchanged in December and giving an 84% chance of no hike decision in November 
• U.S. Secretary of State Anthony Blinken will make a trip to Israel where he will meet with Israeli army officials and top-level political leadership on October 11-13
• Asian indices had a very successful session fueled by rising hopes for a stronger stimulus package in China's economy, with the Hang Seng gaining 1.78%, the Nikkei and Topix gaining 0.77 and 0.13%, respectively, and Korea's KOSPI rising 2.35%. Nearly 0.7% higher the Australian ASX closed the session;
• Dollar index futures (USDIDX) traded at a small 0.04% gain, while EURUSD traded flat. Traders are preparing for the PPI inflation reading from the US, which exceptionally precedes this week's CPI reading
• Precious metals are trading in mixed sentiment today, with both silver and gold currently seeing little change in prices and holding near $21.8 and $1,859 per ounce, respectively
• Oil is up a modest 0.2% for Brent. Natural gas contracts are gaining about 0.8% 
• Bitcoin is trading at $27,100 level. The major cryptocurrency continue to moves away from major resistance near $28,000 and loses 1% today - crypto market sentiment remains weak
• European index futures are pointing to a likely slightly higher opening after another successful Asian session and gains in US futures indices
• The third day of the International Monetary Fund summit continues today

HK.cash futures gain 0,6% today and try to breakout above 18,000 pt major resistance zone. Source: xStation5