US indices rallied yesterday with all major Wall Street indices gaining over 2%. S&P 500 added 2.76%, Dow Jones moved 2.43% higher and Nasdaq gained 3.11%. Russell 2000 surged 3.50%

Big gains could also be spotted during the Asian session today. Nikkei jumped 2.6%, S&P/ASX 200 added 1.6% and Kospi traded 0.6% higher. Indices from China gained as well

DAX futures point to a slightly higher opening of the European cash session

The People’s Bank of China left interest rates unchanged at a meeting today, in-line with market expectations. 1-year loan prime rate was left unchanged at 3.70% while 5-year rate remained at 4.45%

Putin warned that should return of Nord Stream turbine from maintenance get delayed, gas flows to Europe will drop further

Goldman Sachs expects Russia to resume gas flows via Nord Stream 1 pipeline but only at 40% capacity

RBA Governor Lowe said that inflation in Australia is heading towards 6-7% and interest rates will eventually need to be increased to 2.5% neutral level (1.35% currently)

Netflix rallied 8% in the after-hours trading following the release of Q2 2022 earnings report. Company reported EPS at $3.20 (exp. $2.94) and revenue at $7.97 billion (exp. $8.035 billion). While Netflix lost 970 thousand subscribers during the quarter, market expected this drop to be twice as big at 2 million subscribers

API report pointed to a 1.86 million barrel build in US oil inventories (exp. +0.2 mb)

Cryptocurrencies trade mixed on Wednesday. Bitcoin drops 0.7% and trades near $23,500

Energy commodities pull back with Brent and WTI trading around 0.8% lower each. Precious metal gain slightly on USD weakness

NZD and GBP are the best performing major currencies while CHF and USD lag the most

Nasdaq-100 (US100) rallied yesterday and managed to break above the 12,175-12,250 pts resistance zone that has been limiting upward moves for the past month. The next resistance to watch now can be found in the 12,530 pts area