– S&P 500 and Dow Jones reached fresh record highs yesterday, gaining 0.47% and 0.18%, respectively. Nasdaq gained 0.90% but still trades short of record high
– Bulls dominated during the Asian session with Nikkei gaining 1.9% and Kospi moving 0.8% higher. S&P/ASX 200 finished today’s trading flat and indices from China traded mixed
– DAX futures point to a slightly higher opening of the European cash session today
– Chinese Vice Premier Liu He and US Treasury Secretary Yellen spoke on economy and coordination of macroeconomic policies
– Russian Deputy Prime Minister Novak wants OPEC+ to stick to current policy of increasing daily output by 400k barrels per month at the meeting next week
– South Korean GDP growth reached 0.3% QoQ in Q3 2021 (exp. 0.6% QoQ). Solid exports data was offset by weaker private consumption and construction investments
– Facebook reported Q3 revenue at $29.01 billion (exp. $29.57 billion) and EPS of $3.22 (exp. $3.19). Number of daily active users reached 1.93 billion, in-line with expectations, while average revenue per user reached $10.00 (exp. $10.15). Company announced a $50 billion boost to its buyback programme. Stock gained in the after-hours trading
– Share price of Tesla rallied over 12% yesterday following a massive order from rental company Hertz. Market capitalization of Tesla exceeded $1 trillion
– Bitcoin tested $63,600 area overnight by has pulled back towards $62,000 since
– AUD, NZD and USD are the best performing major currencies while CHF and JPY lag the most
– Precious metals and industrial metals pull back. Oil trades more or less flat while natural gas gains slightly
S&P 500 and Dow Jones reached fresh record highs but tech index Nasdaq-100 (US100) continues to lag behind. Nevertheless, thanks to improved sentiment towards the sector recently and the upcoming earnings releases of US mega-caps, the index may reach new all-time highs as soon as this week.
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