Russian energy minister Novak said that his country will not supply oil to countries that embrace the $60 price cap on Russian oil, even if it results in drop in Russian oil output. Sanctions on Russian oil are going live today (December 5, 2022)
US indices finished yesterday’s trading mostly lower but the scale of moves was small. Dow Jones dropped 0.56%, S&P 500 moved 0.09% lower and Russell 2000 finished 0.11% down. Nasdaq was outperformer with a 0.13% gain
Indices from Asia-Pacific followed into footsteps of their US peers and also gained, although scale of moves was much smaller than on Wall Street
People started to protest in major Chinese cities after firefighters in Xinjiang region were unable to reach fire on time due to Covid restrictions, resulting in death of 10 people
Indices from Asia-Pacific traded mixed today. Nikkei dropped 0.3%, Kospi and Nifty 50 moved 0.1% lower and S&P/ASX 200 gained 0.2%. Indices from China traded higher
China reported 29,754 new Covid cases – the highest official count since the start of the pandemic. More Chinese cities prepare mass testing and imposes movement restrictions
DAX futures point to a more or less flat opening of the European cash session
Indices from Asia-Pacific traded lower during the first stock market session of a new week. S&P/ASX 200 dropped 0.2%, Kospi traded 1.0% lower and Nifty 50 moved 0.8% lower. Indices from China traded 0.5-1.7% lower
DAX futures point to a slightly higher opening of the European cash session today
DAX futures point to a slightly higher opening of the European cash session today
NATO will, however, hold an emergency meeting today and it is expected that Poland will trigger Article 4, that means launching joint consultations on security matters
Fed’s Barr said that while tightening had an adverse impact on US economic outlook, inflation still remains too high
