– US indices finished yesterday’s trading higher. S&P 500 gained 1.0%, Dow Jones added 0.95% and Nasdaq moved 1.02% higher. Russell 2000 jumped 1.5%
– Mixed moods could have been spotted during the Asian session. S&P/ASX 200 and indices from China gained, while Kospi fell 0.57%. Traders from Japan are off for holiday
– DAX futures point to a slightly higher opening of the European session
– Evergrande giant struck an agreement with Chinese bond holders on Wednesday according to BBC.
– Evergrande Chairman says the firm will try its best to resume work and production
– China Estates, the second-largest holder of Evergrande shares plans to potentially dispose of its entire stake within 12 months
– Powell said yesterday that if the economy remains on track, tapering could conclude in the middle of next year.
– The Fed also signaled interest rate may need to rise faster than initially expected, with 9 of 18 policymakers projecting borrowing costs to rise in 2022.
– Bank of Korea says it’ll monitor volatility in financial markets and intervene if necessary
– Australia preliminary September PMIs: Manufacturing 57.3 (previous 52.0), Services 44.9 (previous 42.9)
– Bitcoin trades below $44,000 while Ethereum trades above $3,100 mark
– Precious metals pull back slightly while oil gains
– USD and CAD are the best performing major currencies while NZD and AUD lag the most
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