US indices finished yesterday’s trading lower. S&P 500 fell 1.15%, Dow Jones dropped 0.71% and Russell 2000 lost 0.70%. Nasdaq was performer, dropping 1.87%
Mixed moods could be spotted during the Asia-Pacific session. Nikkei rose 0.40%, S&P/ASX 200 gained 0.1%, Kospi fell 0.48% and indices from China traded up to 0.2% lower.
DAX futures point to a slightly lower opening of the European cash session
Goldman Sachs slashed its forecast for MSCI China index due to deteriorating property market
Chinese city Wuhan implements new lockdowns
Alphabet rose over 4.8% in the after-hours trading following the release of Q2 2022 earnings report. Company reported EPS at $1.21 (exp. $1.29) and revenue at $69.7 billion (exp. $70.04 billion). Advertising and cloud revenue both beat analysts’ expectations
Microsoft jumped nearly 4.0% in the after-hours trading following the release of Q4 2022 earnings report. Company reported EPS at $2.23 (exp. $2.29) and revenue at $51.9 billion (exp. $52.45 billion). Azure growth and cloud revenue both came in below market projections
EU has put forward a new draft text to revive the Iran nuclear deal
Crypto ‘exchange’ Kraken is under investigation by the US Treasury Department for alleged sanctions violations
Australia’s annual CPI jumped 6.1% in Q2 from 5.1% in Q1, which is the highest level since 2001.
API report pointed to a -4.037 million barrel draw in US oil inventories (exp. -1.121 mb)
Cryptocurrencies are gaining slightly. Bitcoin rose 1.2% while Ethereum trades 5% higher.
Oil and industrial metals fell despite USD weakness. Gold and other precious metals traded slightly lower
GBP and EUR are the best performing major currencies while AUD and USD lag the most
Silver remains stuck in consolidation around major support at $18.70.