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US indices slumped yesterday as Treasury yields jumped. S&P 500 dropped 1.83%, Dow Jones moved 1.51% lower and Nasdaq slumped 2.60%. Russell 2000 plunged 3.06%
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Indices from Asia-Pacific followed into footsteps of their US peers and also moved lower. Nikkei slumped 2.8%, S&P/ASX 200 moved 1% lower and Kospi dropped 0.7%. Indices from China traded lower
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DAX futures point to a lower opening of the European cash session
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Oil prices jumped after an oil pipeline between Iraq and Turkey was shut down following an explosion. Brent reached overnight high near $89 per barrel
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Members of Conservative Party want to trigger a confidence vote in Prime Minister Boris Johnson and oust him from the post
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White House spokesperson said that US administration has tools to combat rising oil prices and that it can engage with OPEC if needed
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According to OPEC monthly report, cartel does not expect Omicron or tighter monetary policy to derail oil demand
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According to Telegraph report, UK authorities will lift Covid restrictions today
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Precious metals trade mixed - gold trades flat, silver gains while platinum and palladium drop
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JPY and NZD are the best performing major currencies while USD and CAD lag the most
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Cryptocurrencies trade slightly lower. Bitcoin dropped below $42,000 while Ethereum tests $3,100 area
Oil prices leaped higher on the news that the largest Iraqi oil pipeline has been shut down due to an explosion. Brent (OIL) reached a daily high near $89 per barrel. However, part of the gains was erased already and oil is trading slightly lower on the day. Source: xStation5
