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US indices seesawed during the session yesterday but ultimately finished the day lower. S&P 500 dropped 0.13%, Dow Jones and Nasdaq moved 0.15% lower and Russell 2000 dipped 0.22%
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Indices from Asia-Pacific region traded higher today. Nikkei gained 0.2%, S&P/ASX 200 added 0.5% while indices from China traded 0.2-1.4% higher. Kospi was a laggard, dropping 0.5%
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DAX futures point to a more or less flat opening of the European cash session
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According to Reuters report, G7 leaders will discuss energy and food issues during the upcoming meeting as well as ways to increase pressure on Russia
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Credit Suisse says that Chinese fiscal stimulus that may amount to $1.5 trillion in infrastructure spending will have a big impact on the global economy, especially on Chinese trading partners like Australia
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Citi sees 50% chance of US recession as higher interest rates and elevated inflation are putting drag on consumer spending and economic output
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Japanese manufacturing PMI dropped from 53.3 to 52.7 in June (exp. 53.5)
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Australian manufacturing PMI ticked higher from 55.7 to 55.8 in June
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API report pointed to a 5.61 million barrel build in US oil inventories (exp. -1.35 mb)
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Oil deepened yesterday's drop during the Asian session today. However, those losses were erased already and now Brent and WTI trade flat on the day
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Cryptocurrencies trade higher on Thursday morning. Bitcoin gains 2% and returns above $20,000
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Precious metals trade mixed - gold and silver drop while palladium and platinum gain
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EUR and JPY are the best performing major currencies while AUD and NZD lag the most
WTI (OIL.WTI) deepened declines during the Asian session, following a big and surprising inventory build signalled by API report. However, bulls managed to recover from the drop and now WTI trades flat on the day. Source: xStation5
