US and European index futures trade slightly higher after the beginning of new week’s trade as feared Israeli ground invasion of Gaza Strip did not commence

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Monday News
  • US and European index futures trade slightly higher after the beginning of new week’s trade as feared Israeli ground invasion of Gaza Strip did not commence
  • Trucks with humanitarian aid were allowed into Gaza via border crossing with Egypt
  • Oil drops over 1% today while gold gives back part of recent gains
  • AUD and USD are the best performing major currencies while CHF and EUR lag the most
  • Indices from Asia-Pacific are trading lower at the start of a new week. Nikkei drops 0.6%, S&P/ASX 200 trades 0.8% lower and Kospi declines 0.7%. Indices from China traded 0.3-0.9% lower
  • Liquidity conditions in Asia were thinner today than usual as stock exchanges in Hong Kong and New Zealand were shut for holiday
  • According to Financial Times, the European Union is considering gas price cap extension in order to avoid the winter crisis. Such decision is being considered amid risk to gas supply – conflict in Middle East and damages to Baltic pipelines
  • According to Goldman Sachs, FX outflows from China reached $75 billion in September and were the highest since 2016
  • Cryptocurrencies are trading higher – Bitcoin gains 3.5%, breaks above $30,000 mark and trades at the highest level in 3 months