• US indices slumped yesterday after the US infrastructure bill got delayed. However, major indices managed to finish the day off the session lows. S&P 500 dropped 1.14%, Dow Jones moved 1.23% lower and Nasdaq dropped 1.24%. Russell 2000 finished 1.57% lower

  • US President Biden spoke with Senator Manchin and the two agreed to continue negotiations on US infrastructure bill in 2022
  • Indices from Asia recovered part of yesterday’s declines today. S&P/ASX 200 added 0.8%, Nikkei moved 2% higher and Kospi gained 0.5%. Indices from China traded 0.4-0.8% higher
  • DAX futures point to a higher opening of the European cash session today
  • First Omicron-related death in the United States was reported in Texas. Studies show that over 70% of recent new Covid-19 cases in the United States were cases of Omicron
  • Turkish lira continues a massive reversal that started yesterday. USDTRY trades over 30% below yesterday’s highs and dropped below 12.00 mark
  • Turkish president Erdogan said that the country will implement measures to limit FX volatility
  • RBA minutes showed that while central bank sees Omicron as a new source of uncertainty, it does not expect new variant to derail economic recovery
  • New Zealand credit card spending jumped 4.5% MoM in November
  • South Korean exports increased 20% YoY during the first 20 days of December. Imports increased 42.1% YoY
  • Bitcoin jumped during the Asian session and managed to climb above $48,500
  • Precious metals trade mixed – gold and platinum drop while silver and palladium
  • Oil and industrial metals trade higher
  • AUD and NZD are the best performing major currencies while JPY and CHF lag the most