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US indices finished yesterday's trading significantly higher with all major Wall Street indices gaining over 1%. S&P 500 gained 1.49%, Dow Jones added 1.60% and Nasdaq moved 1.54% higher. Small-cap Russell 2000 jumped 1.65%
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Indices from Asia-Pacific traded mostly higher. Nikkei and S&P/ASX 200 gained around 0.5% each, Kospi traded 1.2% higher and Nifty 50 dropped 0.6%
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Chinese stocks outperformed with Hang Seng trading 2.3% higher. Shares of Chinese property companies gained as China unveiled new support measures for the sector
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Chinese securities regulator said that it will ease access to credit and will help high-quality real estate companies improve their balance sheets
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DAX futures point to a higher opening of the European cash session
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ECB member de Guindos said that 50 bp rate hikes may be a new standard for the European Central Bank
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German Finance Ministry sees subdued economic growth over the winter and inflation to ease next year
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Major cryptocurrencies trade higher today. Bitcoin gains 0.2%, Ethereum gains 0.1% and Dogecoin jumps 0.5%. Litecoin trades 1.1% higher
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Energy commodities trade higher - Brent and WTI gain around 0.2% while US natural gas prices jump 2%
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Precious metals trade mixed - silver drops 0.6%, gold trades flat and platinum gains 0.9%
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AUD and NZD are the best performing major currencies while USD and CAD lag the most
CHNComp trades higher today and makes another attempt at breaking above the 200-session moving average (purple line). Gains on Chinese indices are fuelled by property sector shares which benefit from new support measures announced by authorities. Source: xStation5
