US indices finished yesterday’s session lower despite dovish FOMC minutes. S&P 500 fell 0.72%, Dow Jones moved 0.50% lower while Nasdaq lost 1.25%. Russell 2000 dropped 1.64%
Also indices from Asia-Pacific traded mostly lower today. S & P / ASX 200 fell 0.23% while Nikkei lost 0.85%. Indices from China traded lower. Kospi dropped 0.42%
DAX futures point to a slightly lower opening of the European cash session
Odds of a 50 bps rate hike in the US next month move up after the FOMC meeting minutes
Water level at a key waypoint on the Rhine River is forecast to rise above a critical level this weekend, according to Bloomberg
Goldman Sachs and Nomura cut their forecasts for China’s GDP, to 3% from 3.3% and to 2.8% from 3.3%, each, citing weak July economic data and near-term energy issues.
US and Taiwan will commence formal negotiation on trade agreement
Russia has started to gradually increase oil production amid easing sanctions-related curbs and increased purchases from Asian buyers, prompting Moscow to raise its forecast for output and exports until the end of 2025, Reuters reported.
Russia’s earnings from energy exports this year up 38% on 2021
OPEC’s secretary Al Ghais forecasts global oil demand rising 3 million bpd by year end
Australia employment change in July -40.9K (expected +25K), unemployment rate 3.4% (expected 3.5%)
Cryptocurrencies are trading higher today. Bitcoin rose over 1.3% and Ethereum jumped more than 1.0%
Oil is trading slightly higher. WTI trades near $ 87.90 per barrel while Brent is approaching $ 93.80 mark
Mixed moods prevail on the precious metals market. Gold trades 0.25% higher while silver fell 0.40% amid stronger dollar
JPY and CHF are the best performing major currencies while EUR and GBP lag the mostGold pulled back sharply during yesterday’s session and is currently testing major support at $1760.00
Gold pulled back sharply during yesterday’s session and is currently testing major support at $1760.00
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