US indices booked another session of solid gains. S&P 500 gained 1.89%, Dow Jones moved 1.17% higher, Nasdaq surged 3.41% and Russell 2000 jumped 3.05%
Stocks in Asia followed into footsteps of US peers, although the scale of gains was much smaller. Nikkei gained 0.3% while S&P/ASX 200 added 0.5%. Liquidity was limited due to Chinese Lunar New Year
DAX futures point to a slightly higher opening of the European cash session today
The Reserve Bank of Australia left interest rates unchanged and decided to terminate the QE programme on February 10. Decision was in-line with expectations. RBA repeated that there is no need to raise rates in the near future. AUD weakened
Australian retail sales dropped 4.4% MoM in December (exp. +3.9% MoM)
Japanese manufacturing PMI jumped from 54.3 to 55.4 pts in January (exp. 54.6)
Cryptocurrencies are trading slightly higher today. Bitcoin climbed above $38,000 while Ethereum trades above $2,700
Precious metals gain with gold climbing back above $1,800 per ounce
Oil trades slightly higher while agricultural commodities trade flat
EUR and NZD are the best performing major currencies while AUD and USD lag the most
AUD took a hit after RBA announced end of QE and signalled no eagerness to hike rates quickly. AUDJPY dropped below the short-term support zone at 81.07 following the decision but has managed to recover quickly afterwards (orange circle).
For more informations and news join our official social networks! Please click on the icons below to subscribe.