– Indices from Asia traded mostly higher at the beginning of a new week. S&P/ASX 200 and Kospi added around 0.5% each while Nikkei finished flat. Chinese exchanges were closed for holiday
– European index futures point to a higher opening of today’s session while US index futures trade flat
– Russia-Ukraine talks are set to continue today. In spite of media reports over the weekend saying that both countries are getting closer to compromise, Russia said that its position on Crimea and Donbas is unchanged.
– FOMC member Daly said that the case for 50 bp rate hike at a meeting in May has grown
– China proposed revision of rules that will allow US regulators to access audits of Chinese firms. This will help prevent delisting of Chinese companies from US stock exchanges
– Australian job advertisements jumped 0.4% MoM in March
– Cryptocurrencies are trading lower at the beginning of a new week. Bitcoin drops 1.6% and traded slightly above $46,000
– Energy commodities trade higher with Brent adding 0.4% and testing $105 area
– Precious metals trade higher with platinum and palladium gaining more than 1%. Gold is a laggard and trades 0.1% lower
– AUD and NZD are the best performing major currencies while JPY and CHF lag the most
Brent (Oil) trades higher at the beginning of a new week and tests $105 area. Price bounced off the lower limit of trading range in the $103 area and is looking towards a test of the upper limit at 61.8% retracement ($105.70).
For more informations and news join our official social networks! Please click on the icons below to subscribe.