US indices finished yesterday’s trading higher after a volatile session that saw Wall Street benchmarks swing between gains and losses

Anna
November 7, 2023
2 minutes read

US indices finished yesterday’s trading higher after a volatile session that saw Wall Street benchmarks swing between gains and losses
S&P 500 gained 0.18%, Dow Jones moved 0.10% higher and Nasdaq jumped 0.30%. Small-cap Russell 2000 was a laggard with an around 1.3% drop
Indices from Asia-Pacific traded lower today – Nikkei dropped 1.4%, S&P/ASX 200 traded 0.3% lower, Kospi plunged 2.3% and Nifty 50 declined 0.4%. Indices from China traded up to 1.3% lower
DAX futures point to a lower opening of the European cash session today
Reserve Bank of Australia delivered a 25 basis point rate hike, in-line with expectations. Cash rate was increased to 4.35% – the highest level in 12 years
RBA statement showed that further tightening will remain dependant upon incoming data and evolving assessment of risks. Bank noted that high inflation continues to pressure real incomes and household consumption
AUD pulled back following an in-line rate decision and lack of strong guidance for more tightening in the future
Lael Brainard, White House top economic adviser, said that US economy is performing exceptionally well and job creation remain strong and sustainable
Fed Kashkari said that undertightening is a risk and that he is not sure whether rates hike in the US are over already
Israel Prime Minister Netanyahu said that his country is open to short pauses in fighting to allow aid into and hostages out of Gaza but opposes a general ceasefire
Chinese exports dropped 6.4% YoY in October (exp. -3.3% YoY) while imports were 3.0% YoY higher (exp. -4.8% YoY). Trade balance for October came in at $56.53 billion (exp. $82 billion)
Japanese household spending dropped 2.8% YoY in September (exp. -2.6% YoY)
Cryptocurrencies are pulling back – Bitcoin drops 0.7%, Ethereum trades 0.6% lower while Dogecoin declines 1.2%
Energy commodities drop – oil is down 0.8% while US natural gas prices decline 0.3%
USD strengthening is putting pressure on precious metals today – gold drops 0.3%, silver declines 0.8% while platinum is down 0.7%
USD and GBP are the best performing major currencies while AUD nad NZD lag the most

Latest news

Stock market indices in the Asia-Pacific region traded at mixed levels during Tuesday’s trading session. Korea’s KOSPI gained nearly 1.01% intraday, while Japan’s Nikkei was down 0.11%. The Hang Seng is currently performing poorly, trading down 0.88%.

November 28, 2023

Indices from Asia-Pacific launched new week’s trading lower. Nikkei drops 0.6%, S&P/ASX 200 is down 0.8%, Kospi and Nifty 50 decline 0.1% while indices from China trade 0.4-1.2% lower

November 27, 2023

After a moderately positive European session on Thursday and no trading on Wall Street, Friday’s sentiment in the Asian session was mostly weak. The HangSeng lost more than 1.7%, and South Korea’s KOSPI lost 0.7%. Japan’s Topix and Nikkei gained within 0.5%.

November 24, 2023

US indices finished yesterday’s trading higher with S&P 500 gaining 0.41%, Dow Jones moving 0.53% higher and Nasdaq adding 0.46%. Small-cap Russell 2000 gained almost 0.6%

November 23, 2023

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US indices finished yesterday’s trading higher after a volatile session that saw Wall Street benchmarks swing between gains and losses

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Latest news

Stock market indices in the Asia-Pacific region traded at mixed levels during Tuesday’s trading session. Korea’s KOSPI gained nearly 1.01% intraday, while Japan’s Nikkei was down 0.11%. The Hang Seng is currently performing poorly, trading down 0.88%.

Indices from Asia-Pacific launched new week’s trading lower. Nikkei drops 0.6%, S&P/ASX 200 is down 0.8%, Kospi and Nifty 50 decline 0.1% while indices from China trade 0.4-1.2% lower

After a moderately positive European session on Thursday and no trading on Wall Street, Friday’s sentiment in the Asian session was mostly weak. The HangSeng lost more than 1.7%, and South Korea’s KOSPI lost 0.7%. Japan’s Topix and Nikkei gained within 0.5%.

US indices finished yesterday’s trading higher with S&P 500 gaining 0.41%, Dow Jones moving 0.53% higher and Nasdaq adding 0.46%. Small-cap Russell 2000 gained almost 0.6%

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