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Indices from Asia-Pacific traded mostly higher today – Nikkei gained 0.7%, S&P/ASX 200 added 0.2%, Kospi moved 0.3% higher and Nifty 50 jumped 0.5%

Monday News
  • Indices from Asia-Pacific traded mostly higher today – Nikkei gained 0.7%, S&P/ASX 200 added 0.2%, Kospi moved 0.3% higher and Nifty 50 jumped 0.5%
  • Indices from China traded 0.1-0.8% lower. Hang Seng was outperformer, trading 0.1% higher
  • European and US index futures trade slightly lower at the beginning of a new week
  • People’s Bank of China will set up a 500 billion yuan lending program (around $70 billion) to support technology sector
  • According to media reports, Iran has informed United States that it will refrain from retaliating against Israel for Damascus airstrike if Gaza ceasefire is reached
  • In other media, it was reported that a temporary Gaza ceasefire may be reached as soon as this week, with Hamas and Israeli sending negotiators to Egypt for fresh talks
  • PIMCO now expects only 2 Fed rate cuts this year following strong US jobs data on Friday
  • According to Bank of America, should oil price spike above $100 per barrel, central banks may abandon rate cuts
  • Meanwhile, Goldman Sachs said that Brent oil staying below $100 per barrel is its base case scenario
  • Engine cover fell off a Boeing 737-800 plane operated Southwest Airlines during take off, setting Boeing stock for a potential pressure this week
  • Major cryptocurrencies trade higher at the beginning of a new week – Bitcoin and Ethereum gain 0.7% while Dogecoin jumps 1.3%
  • Oil pulls back as no Iran retaliation against Israel took place over the week. Brent and WTI drop around 1.3% at press time
  • Precious metals gains – gold adds 0.6%, silver rallies 1.5%, platinum gains 0.2% and palladium jumps 0.7%
  • AUD and NZD are the best performing major currencies, while CHF and JPY lag the most

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THE IMPORTANCE OF TRADING WITH A REGULATED BROKER.

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