Wall Street indices finally managed to book hefty gains yesterday after a rather poor start to the week. S&P 500 gained 0.59%, Dow Jones moved 0.35% higher and Nasdaq added 0.83%. Small-cap Russell 2000 traded 0.7% higher
Indices from Asia-Pacific traded mostly higher today. S&P/ASX 200 jumped 0.4%, Nifty 50 added 0.3% while Nikkei traded 0.4% lower. Hong Kong’s Hang Seng index surged around 2.5%
Chinese traders were off today as a Mid-Autumn Festival begins in the country. Celebrations will continue throughout the next week
DAX futures point to a more or less flat opening of the European cash session today
According to Goldman Sachs, strikes leading to wage highs for unionized workers are unlikely to drive fuel reacceleration in US inflation and are more of a lagging indicator of last year’s inflation surge
Core CPI inflation in the Japanese Tokyo area decelerated from 2.8 to 2.5% in September (exp. 2.6% YoY)
Japanese industrial production was flat in August (0.0% MoM) while market expected a drop of 0.9% MoM
Japanese retail sales were 7.0% YoY higher in August (exp. 6.5% YoY)
Australian private sector credit increased 0.4% MoM in August (exp. 0.3% MoM)
Cryptocurrencies are trading higher today – Ethereum gains 0.3%, Dogecoin trades 0.5% hgiher and Ripple adds 0.1%. Bitcoin lags and is 0.1% down today
Energy commodities trade mixed – oil drops 0.2% while US natural gas prices climb 1.2%
Precious metals benefit from a pullback on USD market – gold trades 0.1% higher, silver surges 1.5% and platinum adds 0.6%
AUD and NZD are the best performing major currencies while JPY and USD lag the most
