Indices from Asia-Pacific traded higher today. Nikkei gained 0.28%, S&P/ASX 200 added 0.1% while Kospi moved 0.05% higher. Indices from China traded mixed
DAX futures point to a higher opening of the European cash session

US index futures trade slightly above Friday’s cash close

US Senate passed the ‘inflation reduction’ act

Moody’s has cut Italy’s outlook to ‘negative’ from ‘stable’

Goldman Sachs predict +50 bp rate hike in September, while JP Morgan expects +75bp

Fed’s Bowman said +75 bp increases should be on the table until seen inflation declining

China’s exports in June topped analysts’ estimates and grew at their fastest this year

China says will continue military drills around Taiwan today

RBNZ one year inflation expectations rose to 4.86% and 2 year to 3.07%

Mixed moods prevail on the cryptocurrencies market at the start of a new week. Bitcoin rose 0.4% while Ethereum trades 0.9% higher

Oil rebounded today. Brent trades 1.4% higher while WTI rose 1.5%

Precious metals drop in spite of USD weakness. Gold trades 0.1% lower near $1,772 per ounce

NZD and EUR are the best performing major currencies while USD and JPY lag the most


NZDUSD pair rose slightly after the RBNZ inflation expectations data and is testing major support at 0.6245. Source: xStation5

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *