- European session was mixed with DAX losing 0,2%, CAC40 was trading flat. British FTSE bounced 0,53%. UK Construction PMI came in lower than expected at 45 level vs 49,9 exp. and 50,8 previously
- Sentiment on Wall Street remains mixed but indices started to rebound slightly after comments from Fed Daly
- US jobless claims reading came in lower than expected: 207 k vs 210 k exp and 204 k previously suggesting that despite lower ADP reading yesterday, US labor market is still strong
- Mary Daly, chair of the San Francisco Fed indicated that US interest rates could be maintained if the economy and inflation continue to cooling. Daly stressed the Fed should act cautiously, does not need to rush and the goal is a soft landing for the economy
- S&P500 loses 0.2% vs 0.1% loses on Dow Jones and 0.4% decline on Nasdaq100. Coca Cola shares have discounted 3.5% today to the weakest performers in the Dow Jones and are down around November 2021 levels. Rivian is down more than 19% - according to a WSJ report, the company is losing $33,000 on every ev truck it produces. The company will issue $1.5bn in convertible bonds.
- Internationak Monetary Fund Managing Director, Georgieva told that soft landing for global economy is possible, but fiscal and debt risks are abound
- Bulls dominate EURUSD, which gains 0,3% today. USDIDX is under pressure losing 0,36%. US Dollar loses after relatively 'dovish' Fed Daly comments
- NATGAS surges 6% after EIA report which came in 86 bcf vs 98 bcf exp. and 90 bcf in previously reading
- OIL extend yesterday declines with Brent futures losing 1,9% and WTI losing 2,1%. Sell-off may signal more positive momentum for stocks and bonds
- Palladium loses 2,5% and precious metal sentiments are negative today. Gold loses 0,1% and is traded at %1819 per ounce. Silver is also traded under sellers pressure at $20,88 per ounce
- Bitcoin loses 0,8% and is traded below $27,500 level - crypto market sentiment is mixed.
NATGAS surges 6% after EIA report. Source: xStation5
