-
US indices plunged yesterday amid mounting inflation concerns and rising yields. S&P 500 dropped 2.04%, Nasdaq plunged 2.83% and Dow Jones finished 1.63% lower. Russell 2000 dropped 2.29%
-
Downbeat moods extended into the Asian session, where S&P/ASX 200 dropped 1.1%, Nikkei plunged 2.65% and Kospi traded 1.6% lower
-
DAX futures point to a slightly higher opening of the cash session
-
Evergrande has a $45.2 million coupon payment due today. So far there was no news that it has been paid out. Meanwhile, Fitch downgraded Evergrande and its subsidiaries to 'C' from 'CC'
-
Fed's Bullard said that the US economy has completely recovered and that there are upside risks to the inflation. Central banker also said that November would be a good moment to launch tapering
-
A run-off will be needed in the Japanese Liberal Democratic Party leadership race. Two favourites to become party chief and also Japan's next prime minister are Fumio Kishida and Taro Kono
-
API report pointed to a 4.13 million barrel build in US oil inventories (exp. -2.3 mb)
-
Brent and WTI trade around 1.6% lower on the day. Precious metals gain slightly while industrial metal trade mixed
-
Bitcoin dropped below $41,000 during the Asian session but has managed to recover above $42,000 since
-
GBP and AUD are the best performing major currencies while CHF and NZD lag the most
A sell-off on Brent (OIL) continues. Price has broken below the lower limit of the Overbalance structure this morning and a trend reversal may be underway. Source: xStation5