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US indices finished yesterday’s trading higher, with small-caps and tech shares outperforming. Dow Jones gained 0.56%, S&P 500 moved 0.70% higher and Nasdaq jumped 1.01%. Russell 2000 added 1.49%

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-US indices finished yesterday’s trading higher, with small-caps and tech shares outperforming. Dow Jones gained 0.56%, S&P 500 moved 0.70% higher and Nasdaq jumped 1.01%. Russell 2000 added 1.49%
– Indices from Asia-Pacific traded mixed today. Nikkei and S&P/ASX 200 gained 0.9% each, Kospi added 0.3%, Nifty 50 traded flat and indices from China traded mixed
– DAX futures point to a higher opening of the European cash session today
– Global Times reports that Chinese companies resumed imports of Australian coal, with first batch of Australian coal expected to arrive in China in late-February
– According to Financial Times, United Kingdom and Japan plan to sign a defense agreement to counter threat from China
– Australian retail sales increased 1.4% MoM in November (exp. 0.7% MoM)
– Australian CPI inflation accelerated from 6.9% to 7.3% YoY in November. Core gauge accelerated from 5.3% to 5.6% YoY
– Oil prices traded under pressure following a large inventory increase signaled by API. API report pointed to a massive 14.86 million barrel build in US oil inventories while market expected a draw of 2.1 million barrels
– Cryptocurrencies trade mostly lower today. Bitcoin trades flat, Ethereum drops 0.1% and Dogecoin slides 0.5%. Gala slumps over 8%
– Precious metals trade higher today with silver adding 1.2%, gold moving 0.3% higher and platinum jumping 0.6%
– AUD and GBP are the best performing major currencies while JPY, CAD and USD lag the most

Australian dollar is the best performing G10 currency after higher CPI reading for November lowered likelihood that RBA will take a pause. AUDUSD is making another attempt at breaking above the resistance zone marked with 50% retracement of the downward move launched in April 2022. Source: xStation5

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