US indices slumped yesterday as Treasury yields jumped. S&P 500 dropped 1.83%, Dow Jones moved 1.51% lower and Nasdaq slumped 2.60%. Russell 2000 plunged 3.06%
Indices from Asia-Pacific followed into footsteps of their US peers and also moved lower. Nikkei slumped 2.8%, S&P/ASX 200 moved 1% lower and Kospi dropped 0.7%. Indices from China traded lower
DAX futures point to a lower opening of the European cash session
Oil prices jumped after an oil pipeline between Iraq and Turkey was shut down following an explosion. Brent reached overnight high near $89 per barrel
Members of Conservative Party want to trigger a confidence vote in Prime Minister Boris Johnson and oust him from the post
White House spokesperson said that US administration has tools to combat rising oil prices and that it can engage with OPEC if needed
According to OPEC monthly report, cartel does not expect Omicron or tighter monetary policy to derail oil demand
According to Telegraph report, UK authorities will lift Covid restrictions today
Precious metals trade mixed – gold trades flat, silver gains while platinum and palladium drop
JPY and NZD are the best performing major currencies while USD and CAD lag the most
Cryptocurrencies trade slightly lower. Bitcoin dropped below $42,000 while Ethereum tests $3,100 area
Oil prices leaped higher on the news that the largest Iraqi oil pipeline has been shut down due to an explosion. Brent (OIL) reached a daily high near $89 per barrel. However, part of the gains was erased already and oil is trading slightly lower on the day.
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