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Wall Street indices launched yesterday's trading lower and were set for another day of heavy losses. However, indices staged a massive reversal and managed to finish the day higher
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S&P 500 gained 0.28% (low: -4.01%), Dow Jones added 0.29% (low: -3.25%) and Nasdaq moved 0.63% higher (low: -4.9%)
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Stocks in Asia failed to benefit from improvement in moods on Wall Street. Nikkei dropped 1.7%, S&P/ASX 200 and Kospi moved 2.5% lower each while indices from China traded 1.3-2.1% lower
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DAX futures point to a higher opening of today's European cash session
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US Department of Defense said that 8.5 thousand US soldiers are ready to move to Eastern Europe and aid NATO
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Virtual meeting between the leaders of the UK, US, Germany, France, Poland and EU was held yesterday. Leaders agreed that Russian incursion into Ukraine must be met with swift response
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US Secretary of State Blinken said that he prefers to return to Iran nuclear deal but talks with Iran cannot drag for too long
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Japan will pay subsidies to gasoline wholesalers in order to halt price increases
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BoJ Governor Kuroda said that increase in commodity prices is a bigger factor in CPI acceleration than weak JPY
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Bitcoin reached a low slightly below $33,000 yesterday. However, cryptocurrency started to regain ground along with US equities and is now trading slightly below $36,000
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Precious metals trade mixed - gold trades flat, silver drops while platinum and palladium gain
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Oil trades higher on the day with Brent recovering back above $86.00 per barrel
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CAD and JPY are the best performing major currencies while NZD and CHF lag the most
US indices staged a massive reversal yesterday with Nasdaq-100 (US100) recovering over 5% off the daily lows. A bullish candlestick pattern with long, lower wick was painted at 14,400-14,500 pts price zone. Nevertheless, some weakness can be spotted today. Source: xStation5
