• US indices finished yesterday’s trading higher. S&P 500 gained 0.31%, Dow Jones added 0.10% and Nasdaq moved 0.64% higher. Russell 2000 jumped 0.91%
  • Mixed sentiment prevails in Asia. Nikkei fell 0.27%, S & P / ASX 200 dropped 0.28% and Kospi rose 0.56%. Indices from China also moved higher
  • DAX futures point to a slightly higher opening of the European cash session
  • China Communist Party anticorruption agency have visited PBOC headquarters
  • US House passes bill to restrict imports from China on concerns over forced labour
  • Pentagon official says China’s coercive military moves around Taiwan increase risks
  • Morgan Stanley expects a rate hike from FED in September and December 2022 followed by 3 hikes in 2023
  • According to Reuters survey from November, analysts shifting their Federal Reserve rate hike projections to Q3 2022 from Q4
  • China November CPI 2.3% y / y (expected 2.5%) and PPI 12.9% y / y expected 12.4%)
  • The Brazilian central bank increased the borrowing cost by 150 bps to 9.25% as expected, and also announced another rate hike of the same margin in its next meeting
  • Bitcoin dropped below $50,000 handle, while Ethereum is testing $4350 level
  • Oil and precious metals move slightly higher
  • AUD and GBP are the best performing majors. CAD and EUR lag the most