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US indices finished yesterday's trading higher. S&P 500 gained 1.10%, Dow Jones moved 0.61% higher and Nasdaq rallied 1.76%. Russell 2000 added 0.67%
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Indices from Asia-Pacific traded higher today. Nikkei gained 0.1%, S&P/ASX 200 moved 0.3% higher while Kospi jumped 0.9%. Nifty 50 traded 1.5% lower
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DAX futures point to a higher opening of the European cash session today
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According to a Bloomberg report, European Union is considering setting a $100 per barrel price cap on Russian diesel. EU ban on Russian oil products is set to go live on February 5, 2023
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Bloomberg reports that the United States has reached an agreement with the Netherlands and Japan on joint chip export curbs to China. Netherlands will step up restrictions on AMSL while Japan will impose new limits on Nikon
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Japanese Prime Minister Kishida said that return to deflation cannot be ruled out and that BoJ December decision was aimed at enhancing and sustaining effects of monetary easing
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Intel plunged almost 10% in the afterhours trading. Company reported Q4 adjusted EPS at $0.10 (exp. $0.20) while revenue came in at $14.04 billion (exp. $14.45 billion). Intel reported an unadjusted net loss of $664 million in Q4 2022 and expects adjusted loss per share of $0.15 in Q1 2023
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Australian PPI inflation slowed from 1.9% QoQ to 0.7% QoQ in Q4 2022 (exp. 1.7% QoQ)
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Major cryptocurrencies are trading mixed today - Bitcoin and Litecoin gain 0.1% while Ethereum drops 1.2% and Dogecoin trades 0.7% lower
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Energy commodities trade higher - oil gains 0.2% while US natural gas prices rise 1.6%
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Precious metals trade lower amid USD strengthening. Gold drops 0.3%, silver declines 0.6% and platinum trades 0.7% lower
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JPY and USD are the best performing major currencies while CHF and GBP lag the most
Nasdaq-100 (US100) climbed above 11,950 pts resistance zone, marked with 61.8% retracement. Index gained as solid US GDP reading provide support for risk assets. However, an attempt to break above the 12,100 resistance zone turned out to be a failure as a poor earnings report from Intel deteriorated sentiment towards the tech sector. Source: xStation5
