Latest updates:
- Wall Street indices launched yesterday’s trading lower and were set for another day of heavy losses. However, indices staged a massive reversal and managed to finish the day higher
S&P 500 gained 0.28% (low: -4.01%), Dow Jones added 0.29% (low: -3.25%) and Nasdaq moved 0.63% higher (low: -4.9%)
Stocks in Asia failed to benefit from improvement in moods on Wall Street. Nikkei dropped 1.7%, S&P/ASX 200 and Kospi moved 2.5% lower each while indices from China traded 1.3-2.1% lower
DAX futures point to a higher opening of today’s European cash session
US Department of Defense said that 8.5 thousand US soldiers are ready to move to Eastern Europe and aid NATO
Virtual meeting between the leaders of the UK, US, Germany, France, Poland and EU was held yesterday. Leaders agreed that Russian incursion into Ukraine must be met with swift response
US Secretary of State Blinken said that he prefers to return to Iran nuclear deal but talks with Iran cannot drag for too long
Japan will pay subsidies to gasoline wholesalers in order to halt price increases
BoJ Governor Kuroda said that increase in commodity prices is a bigger factor in CPI acceleration than weak JPY
Bitcoin reached a low slightly below $33,000 yesterday. However, cryptocurrency started to regain ground along with US equities and is now trading slightly below $36,000
Precious metals trade mixed – gold trades flat, silver drops while platinum and palladium gain
Oil trades higher on the day with Brent recovering back above $86.00 per barrel
CAD and JPY are the best performing major currencies while NZD and CHF lag the most
US indices staged a massive reversal yesterday with Nasdaq-100 (US100) recovering over 5% off the daily lows. A bullish candlestick pattern with long, lower wick was painted at 14,400-14,500 pts price zone. Nevertheless, some weakness can be spotted today.
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