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IEA raised its outlook for 2022 oil demand by 380,000 bpd

President Biden has set aside the option of scrapping some China tariffs for now

Elon Musk sold 7.92 million shares in Tesla worth $ 6.9 billion according to SEC filings.

Taiwan’s foreign minister says China’s military exercises are preparation for an invasion

Indices from Asia-Pacific traded higher today. Nikkei gained 0.28%, S&P/ASX 200 added 0.1% while Kospi moved 0.05% higher. Indices from China traded mixed

DAX futures point to a flat opening of the European cash session

After a brief pause, US indices resumed an upward move yesterday. S&P 500 gained 1.56%, Dow Jones added 1.29% while Nasdaq surged 2.59%. Russell 2000 traded 1.41% higher

US indices finished yesterday’s trading lower after a volatile session. S&P 500 dropped 0.67%, Dow Jones moved 1.23% lower and Nasdaq dipped 0.16%. Russell 2000 dropped 0.05%

Taiwan said that it will strengthen its combat readiness through Thursday

The first Asian session of a new week (and a new month) was an upbeat one. Nikkei and S&P/ASX 200 gained 0.5% while indices from China traded up to 0.9% higher. Kospi traded slightly lower

Amazon rallied over 13% in the after-hours trading. Company reported revenue at $121.2 billion (exp. $119.1 billion) with AWS cloud sales coming in at $19.74 billion. Company reported an unexpected loss per share of $0.20 due to a $3.9 billion realized loss on Rivian investment. Amazon expects Q3 2022 revenue to reach $125-130 billion

Stock market indices from the Asia-Pacific region gained as well but the scale of moves was not as big as on Wall Street. Nikkei gained 0.2%, S&P/ASX 200 moved 1% higher and Kospi jumped 0.7%. Indices from China traded up to 0.6% higher