US indices benefitted from risk-on moods yesterday and finished the session higher. S&P 500 added 1.06%, Dow Jones gained 0.71% and Nasdaq jumped 1.27%. Russell 2000 gained 1.23%
Indices from Asia-Pacific traded higher as well. Nikkei gained 0.2%, S&P/ASX 200 added 0.8% and Kospi rallied 2.7%. Indices from China traded up to 1% higher
DAX futures point to a flat opening of the European cash session today
US Secretary of State Blinken said that Iran’s latest response to EU proposal is a step backwards in nuclear deal talks
S&P Global does not expect India or China to join the G7 proposal on Russian oil price cap. However, S&P thinks that as others will embrace the price cap, Russia will have to offer even greater discounts to India and China, what would further hurt its revenue
Armenia said that it came under artillery fire from Azerbaijan last night. Azerbaijan confirmed shelling but said it was response to provocative actions by Armenian army near the border
Morgan Stanley lowered its Brent price forecast for Q3 and Q4 2022 to from $110 to $98 per barrel. The Bank also said it expects Russian oil flows to drop considerably going forward
Japanese PPI inflation accelerated from 8.6 to 9.0% YoY in August (exp. 8.9% YoY)
Cryptocurrencies are trading higher. Bitcoin adds 0.3% and approaches $22,500 mark
Energy commodities trade lower this morning with Brent and WTI dropping around 0.4% each
Precious metals pull back. Gold drops 0.2% while silver trades 0.7% lower. Palladium slumps almost 5%
JPY and CHF are the best performing major currencies while AUD and NZD lag the mos
Precious metals underperform this morning. Palladium is a top laggard from the group, trading almost 5% lower at press time. Price pulls back from the 2,235 resistance zone following a rapid 4-day rally
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