- US indices finished yesterday's session higher amid expectations that the Fed will tighten policy less aggressively in the evening. S&P 500 added 1.30%, Dow Jones moved 0.98% higher and Nasdaq rose 1.58%. Russell outperformed and managed to finish 1.88% higher
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Indices from Asia-Pacific traded higher today - Nikkei jumped 1.94%, S&P/ASX 200 moved 0.87% higher while Kospi and Nifty 50 rose 1.12% and 0.20% respectively
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Indices from China traded 0.2-0.45% higher
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DAX futures point to a lower opening of today's European cash session
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ECB's Nagel said that policymakers have to be "even more stubborn" in inflation fight. In his opinion Eurozone banking system is resilient, not facing repeat of 2008
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First Republic Bank could potentially receive government backing, according to Bloomberg
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API report pointed to a 3.262 million barrel build in US oil inventories (exp. -1.448 mb)
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RBC analysts believe that OPEC would intervene if oil prices dropped substantially.
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Russia's Deputy Prime Minister Novak said that the country's current curtailed level of crude oil output would be in place through June 2023.
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Commerzbank lowered its 2023 midyear Brent crude oil forecast to US$80 a barrel (from $95)
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Cryptocurrencies are trading slightly higher today - Bitcoin gains 0.5%, Ethereum adds 0.4%
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Energy commodities are lower - oil drops 1.0% while US natural gas prices fell over 2.6%
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Precious metals little changed - silver rose 0.16%, gold trades 0.8% higher
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AUD and NZD are the best performing major currencies while USD and CHF lag the most
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Nikkei (JAP225) was one of the best performing Asian indices today. Index returned to crucial resistance at 27200 pts, which is marked with previous price reactions and 23.6% Fibonacci retracement of the upward wave launched in March 2020. Source: xStation5