-
US indices finished yesterday's trading higher with Dow Jones leading gains. S&P 500 gained 1.19%, Dow Jones moved 1.34% higher and Nasdaq added 0.86%. Russell 2000 traded 0.35% higher
-
Indices from Asia-Pacific traded mostly higher today. Nikkei gained 1%, S&P/ASX 200 traded 0.3% higher while Kospi dropped 0.1%. Indices from China erased declines after so-called 'National Team' intervened and bought stocks in the market
-
DAX futures point to a more or less flat opening of the European cash session
-
Offshore yuan dropped to a record low against US dollar as China attempts to weaken its currency in order to support exports. USDCNH briefly traded above 7.36 mark
-
According to a Bloomberg report, UK and Swiss involvement may be needed to effectively implement EU price cap on natural gas and power prices
-
Allianz sees a chance that China will lift its Covid-zero policy in the next six months
-
USDJPY holds relatively stable today, dropping around 0.1% at press time. Verbal interventions were made today by BoJ Governor Kuroda and finance minister Suzuki but those did not have any impact on the markets
-
Goldman Sachs sees current Japanese policy mix as unsustainable and sees high chance of USDJPY moving higher again
-
Japanese Prime Minister Kishida said that an additional stimulus package will be drafted by the end of October
-
BoE Ramsden said that disappointing PMIs for October are consistent with scenario of UK being in a recession
-
RBNZ Chief Economist Conway said that there are already indications that economy has cooled but that he is also hopeful that inflation has peak
-
Precious metals are trading lower - gold and silver drop around 0.1% while platinum takes a 0.7% hit
-
Brent and WTI drop around 0.2%, trading near $91.20 and $84.60 per barrel, respectively
-
NZD and AUD are the best performing major currencies while CHF and CAD lag the most
US indices finished higher for the second day in a row. Nasdaq-100 (US100) continues to test a key resistance zone marked with the upper limit of the Overbalance structure in the 11,470 pts area but no decisive break has been made yet. Source: xStation5