US indices ended yesterday’s trading mixed. The Dow Jones fell 0.1%, the Russell 2000 fell 0.7% during the S&P 500 up 0.9% and the Nasdaq increased by 1.7%.
The US technology sector’s solid performance was offset by the after-hours rise in the Nvidia-Equities (+24%) driven.
US House Speaker McCarthy said negotiators yesterday failed to reach an agreement on the debt ceiling.
Asia Pacific indices mostly higher today. The Nikkei gained 0.6% that S&P/ASX 200 rose 0.1%, the kospi gained 0.2% and the Nifty 50 rose 0.4%. China indices traded mixed.
European index futures are pointing to a flat open for today’s European cash session.
When asked about changes in yield curve management, BoJ Governor Ueda said that switching the yield target from 10-year to 5-year yields is one of the options.
RBNZ Deputy Governor Silk said interest rates in New Zealand would have to be suspended for an extended period.
According to a Wall Street Journal report, US authorities are considering splitting large banks into smaller ones if they prove too large to manage.
Russian Oil Minister Novak said yesterday he doesn’t think OPEC will cut production at the June meeting. However, Novak later tried to revise these statements.
Japan announced new sanctions against Russia, including a ban on providing construction and engineering services in Russia.
Australian Retail Sales were flat in April compared to the previous month (0.0% MoM), while the market had expected a 0.2% MoM increase.
Tokyo Japan’s core CPI inflation eased to 3.2% in May from 3.5% (expected 3.3%). Core inflation accelerated to 3.9% yoy from 3.8% yoy, hitting its highest level in 40 years (esp. 4.3% YoY).
cryptocurrencies retreat, Bitcoin and Dogecoin are each trading 0.4% lower.
Energy commodities trade little changed – oil gains 0.1% as US natural gas prices / natgas down 0.3%.
Precious metals are rallying due to the weaker USD. gold increases by 0.4%, Silver jumps by 1.3% and platinum increases by 1%.
AUD and JPY are the best performing currencies while USD and CAD fall the most.
GOLD attempts to recover some of yesterday’s losses and climbs back above $1,950 an ounce.Source: xStation5 by XTB
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