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US indices deepened Wednesday's declines yesterday and finished lower for the second day in a row. S&P 500 dropped 0.80%, Dow Jones moved 0.30% lower and Nasdaq was 0.61% down. Russell 2000 dropped 1.24%
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Indices from Asia-Pacific traded lower today. Nikkei dropped 0.5%, S&P/ASX 200 moved 0.8% lower and Kospi traded 0.2% down. Indices from China traded mixed
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DAX futures point to a lower opening of the European cash session today
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Germany dropped its opposition and agreed to an EU-wide natural gas price cap plan. Plan will be discussed at the EU summit that begins today
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Bank of Japan announced that it will increase the amount of bonds it is buying, following a recent pick-up in yields
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Japanese core CPI inflation accelerated from 2.8 to 3.0% YoY in September (exp. 3.0% YoY). Headline CPI remained unchanged at 3.0% YoY
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Shares of Snap plunged 27% in the after-hours trading, after the company missed Q3 revenue estimate. Poor performance of Snap also served as a drag on other stocks dependant on ad revenue, like Meta (-4.0%), Pinterest (-7.1%) or Alphabet (-1.9%)
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Oil is trading lower this morning and so are precious metals as USD strengthening is exerting pressure on commodity prices
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USD and EUR are the best performing major currencies while NZD and AUD lag the most
EURUSD halted an overnight pullback at 200-hour moving average (purple line) and is attempting to launch a recovery move. Source: xStation5