- Wall Street indices finished yesterday's trading mixed - S&P 500 finished flat, Dow Jones gained 0.08%, Nasdaq dropped 0.23% and small-cap Russell 2000 added 0.40%
- Indices from Asia-Pacific traded mixed today - S&P/ASX 200 gained 0.4%, Kospi jumped 1.3%, Nikkei dropped 0.6% and Nifty 50 moved 0.2% lower
- Chinese indices continue to gain on hopes for stimulus measures to be implemented. However, no fresh news on the matter surfaced today
- European index futures point to a slightly higher opening of the European cash session today
- Fed Harker said that he sees real progress on bringing inflation down to 2% target and that US economy is on track to achieve a soft landing
- US natural gas prices dropped below $2.00 per MMBTu yesterday for the first tme since April 2023
- Share price of New York Community Bancorp (NYCB.US) plunged over 20% yesterday, extending the rout since last week's dividend cut to over 60%. Fitch cut the bank's rating a few days ago, while Moody's made a rating cut yesterday.
- Share of Snap (SNAP.US) plunged 32% in the after-hours trading, following the release of Q4 2023 earnings report. Company reported lower than expected revenue and provided disappointing EBITDA guidance
- API report pointed to a 0.67 million barrel build in US oil inventories (exp. +2.1 mb)
- New Zealand's employment increased 0.4% QoQ in Q4 2023 (exp. 0.3% QoQ), while the unemployment rate ticked higher from 3.9% to 4.0% (exp. 4.2%)
- Cryptocurrencies trade lower today - Bitcoin and Dogecoin drop 0.6% , while Ethereum trades 0.8% lower
- Precious metals trade lower - gold and platinum drops around 0.2%, while silver and palladium decline 0.7%
- AUD and NZD are the best performing major currencies, while JPY and CHF lag the most
NZD jumped following release of labour market data yesterday. NZDUSD bounced off the 0.6050 support zone and climbed above 0.6100 mark today. Source: xStation5
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