US indices slumped yesterday, erasing all of post-FOMC gains. S&P 500 dropped 3.56%, Dow Jones moved 3.12% lower and Nasdaq slumped 4.99%. Russell 2000 dropped 4.04%

Indices from Asia-Pacific followed Wall Street’s lead and also slumped. S&P/ASX 200 dropped 2.2%, Kospi dropped 1.1% and indices from China traded 2-4% lower

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

Josep Borrell said that agreement on next sanctions package on Russia has almost been reached by EU members

Hungary’s Orban said that his country will need 5-year exemption from Russian oil embargo

According to RBA Statement on Monetary Policy, interest rates in Australia will need to increase further as inflation is seen staying above goal until at least 2024

ECB’s Holzmann said that European Central Bank will discuss raising rates and may even decide to deliver a rate hike in June

Cryptocurrencies trade mostly higher. Ripple trades over 2% higher, Ethereum gains 0.5% and Bitcoin adds 0.1%

Precious metals pull back amid USD strengthening. Platinum is top laggard with a drop of 2.7%

Energy commodities do not experience major moves on Friday. Brent and WTI trades 0.2% higher

USD and CAD are the best performing major currencies while JPY and CHF lag the most

Nasdaq-100 (US100) and other US indices slumped yesterday, erasing all of the post-FOMC gains. US100 is once again testing a support zone ranging below 12,900 pts handle. While yesterday’s plunge was very steep, it looks like the situation has calmed somewhat during overnight trading.