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