- Indices on Wall Street slightly rise after yesterday sell-off; US100 is up 0,4%, US500 rises 0,2% and VIX drops by 0,6%. Today the most important event for markets will be Nvidia earnings report after the US session. Previously at 1:30 PM GMT we will know US GDP reading, US jobless claims and US Durable Goods
- Futures on European indices like Euro Stoxx 50 (EU50), DAX (DE40) and FTSE (UK100) are 0.3% to 0.4% higher today. The US and Ukraine agree terms on a minerals deal after Washington dropped the toughest demands from it. Ukraine’s President Zelenskiy plans to travel to Washington on Friday to meet Donald Trump, according to media sources.
- Sentiments during the Asian session were positive. Chinese Hang Seng Index surged more than 3%, and futures on Chinese benchmarks HK.cash and CHN.cash are rising in the rang of 2,7 – 3,1%. We can see the investors’ optimism that China’s technological breakthroughs will help revive the sluggish economy and attract foreign inflows into the country
- Both 10-year and 2-year US treasury yields rise by 3 bps after yesterday bond rise
AUDUSD drops 0,35% after Australian data release:
- Australian CPI came in 2,5% YoY vs 2,6% exp. and 2,5% previously (trimmed CPI mean 2,8% vs 2,7% previously)
- Construction work done rise only 0,5% MoM, while markets expected 1% rise after 1,6% previously
- Oil slightly rebounds after yesterday sell-off. The US API crude oil inventories fell by -0.64M vs 2.3M exp. and 3.34M previously
- Bitcoin tries to rise above $89k again, but crypto market is still under pressure, and BTC price is still 3% below the $92,5k average Short-Term-Holders price
- According to Fed’s Barkin, federal layoffs may be a big deal for the regional economy, but they are only 2% of the national job market. At the same time Barkin expects that upcoming (Friday 1:30 PM GMT) PCE will show a further decline, because the Fed has made a lot of progress.
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