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US indices rallied yesterday. S&P 500 gained 1.38% and reached a fresh all-time high. Dow Jones gained 0.98%, Nasdaq moved 1.39% higher and Russell 2000 added 0.63%
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Indices from Asia followed into footsteps of their US peers and also moved higher. Nikkei gained 1.4%, Kospi added 0.7% and indices from China traded 0.2-0.5% higher
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DAX futures point to a slightly higher opening of today's European cash session
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China has agreed to launch a military hotline with Japan and increase communication between the two countries. Hotline will be launched next year
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Japanese industrial production increased 7.2% MoM in November (exp. 4.9% MoM)
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Japanese unemployment rate for November increased from 2.7 to 2.8% (exp. 2.7%)
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Precious metals trade mixed on the European morning. Gold and silver gain slightly while platinum and palladium pulls back. Palladium is taking a steep dive
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Oil trades slightly higher. WTI tests $76.00 area while Brent trades near $78.50
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Cryptocurrencies are pulling back. Bitcoin drops back below $50,000 while Ethereum pulled back below $4,000
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EUR and AUD are the best performing major currencies while NZD and CHF lag the most
S&P 500 (US500) was one of the best performing US indices yesterday, gaining almost 1.4%. The index reached a fresh all-time high after breaking above the 4,725 pts resistance zone. However, traders should keep in mind that as liquidity conditions are thinner this week, moves may be more volatile. Source: xStation5
