Latest updates:
Wall Street indices recovered from Monday’s drop yesterday. S&P 500 gained 0.92%, Dow Jones added 0.51% and Nasdaq rallied 1.41%. Russell 2000 moved 1.05%
Indices from Asia-Pacific followed into footsteps of US peers and also moved higher. Nikkei gained 1.9%, S&P/ASX 200 added 0.7% and Kospi rallied 1.5%. Indices from China traded 0.8-2.5% higher
DAX futures point to a higher opening of the European cash session today
Chinese CPI inflation slowed in December from 2.3% to 1.5%YoY (exp. 1.8% YoY) while PPI inflation slowed from 12.9 to 10.3% YoY (exp. 11.1% YoY)
Huaxian, another county in Chinese Henan Province, decided to impose a lockdown
France said that there is still a long way to go until the nuclear deal with Iran is reached
Bank of Japan Governor Kuroda said that he expects the Japanese economy to continue to recover as the impact of pandemic eases. Kuroda also said that inflation is likely to increase amid increase in energy prices
API report pointed to a 1.08 million barrel drop in US oil inventories (exp. -2.0 mb)
Bitcoin trades near $42,500 while Ethereum recovered above $3,200
Precious metals trade higher amid USD weakness. Oil trades more or less flat while industrial metals trade mixed
AUD and NZD are the best performing major currencies while CHF and USD lag the most
Gold rallied yesterday and reached the resistance zone ranging below 38.2% retracement of the downward move launched in August 2020. Precious metal is supported by US dollar weakness. Gold will remain active today due to US CPI reading at 1:30 pm GMT.
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