US indices finished yesterday’s session higher. S&P 500 jumped 2.14%, Nasdaq added 2.92% and Dow Jones rose 1.82%
Stocks in Asia traded higher as well with S&P/ASX 200 rising 1.10% and Kospi moved 1.3% higher. Nikkei gained 0.1%.
Indices from China rebounded 3.0% on average following positive remarks by China vice premier Liu He on talks between US and China regulators. He also believes that monetary policy should take initiatives to support the economy
DAX futures point to a higher opening of the European cash session today
Russia could default on bond payment due today, according to Fitch
Ukraine President Zelensky said positions of Russia and Ukraine sound realistic, however more time is needed
President Biden is expected to announce $1 billion in new military aid to Ukraine
The Japanese government is set to revoke Russia’s “most-favored nation” trade status
North Korea projectile reportedly exploded in mid-air shortly after launch
UK’s PM Johnson to visit Saudi Arabia and UAE for oil supply talks
Oil price steadied after recent declines with Brent trading just slightly above $101 per barrel and WTI trading above $96 per barrel
Mixed moods prevail on the precious metals market. Gold rose slightly to $1918, while silver fell to $24.70
EUR and AUD are the best performing major currencies while USD and JPY lag the most
Bitcoin price rose sharply during Asian session, however buyers failed to break above resistance at $41,500 and a pull back occurred. Currently the most popular cryptocurrency is trading below the psychological level of $40,000.