US indices finished yesterday’s trading higher, led by tech shares. S&P 500 gained 0.74%, Dow Jones moved 0.58% higher and Nasdaq rallied 1.13%. Small-cap Russell 2000 gained 0.5%
Sentiment towards tech sector was supported by good performance of Microsoft and Nvidia shares, which climbed to fresh record highs
Indices from Asia-Pacific traded higher today, following upbeat lead from Wall Street yesterday. S&P/ASX 200 gained 0.3%, Kospi moved 0.7% higher, Nifty 50 added 0.4% and indices from China gained 0.1-0.6%. Nikkei was a laggard with 0.1% drop
DAX futures point to a slightly higher opening of the European cash session today
USD continues to pullback amid drop in US yields. USD index moved to the lowest level in 3 months
Iranian oil minister Owji said that oil production in the country is expected to reach 3.6 million bpd by the end of Q1 2024
United Arab Emirates will increase its oil output target to 3.075 million barrels per day in January 2024
JPMorgan expects Brent price to average $83 per barrel in 2023 and $81 per barrel in 2024. Average price in 2025 is seen at $75 per barrel amid decelerating demand grown
RBA minutes showed that Bank saw risk of inflation expectations rising if rates are not increased. Also, Bank said that staff inflation forecasts assumed one or two more rate increases
Major cryptocurrencies are pulling back today – Bitcoin drops 0.2%, Ethereum trades 0.4% lower and Dogecoin declines 1.1%
Energy commodities trade mixed – oil drops 0.4% while US natural gas prices are up 0.7%
Precious metals trade mixed – gold gains 0.6%, silver trades 0.9% higher, platinum drops 0.3% and palladium slumps 1.2%
NZD and JPY are the best performing major currencies while CAD and USD lag the most
