- Wall Street indices gain - S&P 500 trades 0.8% higher, Nasdaq jumps 0.9%, Dow Jones rallies 1.1% and small-cap Russell 2000 surges 1.5%
- Nvidia drops 4% after fiscal-Q2 earnings. While earnings turned out to be better-than-expected, company issued somewhat disappointing guidance
- European stock market indices traded higher today - German DAX gained 0.64%, UK FTSE 100 moved 0.43% higher, French CAC40 added 0.84% and Dutch AEX rallied 1.43%
- Reuters reported that Iraq plans to cut oil output to around 3.85-3.90 million barrels per day in September. The country produced 4.25 million barrels of oil per day in July, the latest available monthly data
- Fitch affirmed US credit rating at AA+ with a stable outlook
- US Q2 GDP data was revised higher from 2.8% annualized growth to 3.0% annualized growth
- US pending home sales dropped 5.5% MoM in July (exp. +0.2% MoM)
- German CPI inflation slowed from 2.3% YoY to 1.9% YoY in August (exp. 2.1% YoY). On a monthly basis, prices declined 0.1% MoM instead of an expected 0.1% MoM increase
- Spanish CPI inflation slowed from 2.9% YoY to 2.4% YoY in August (exp. 2.5% YoY). On a monthly basis, prices remained flat (0.0% MoM), in spite of an expected 0.1% MoM increase
- Major cryptocurrencies gain - Bitcoin trades 2.3% higher, Ethereum jumps 1.8% and Dogecoin rallies 2%
- Energy commodities trade higher - oil and US natural gas gain around 1.5%
- Precious metals gain as well - gold jumps 0.8%, silver adds 1.5%, platinum trades 1% higher and palladium rallies 4%
- NZD and AUD are the best performing major currencies while CHF and EUR lag the most
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