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Morning wrap (23.09.2022)

  • US indices finished yesterday's session lower with S&P 500 dropping for the third day in a row. S&P 500 moved 0.84% lower, Dow Jones dropped 0.35% and Nasdaq finished 1.37% lower. Russell 2000 dropped 2.26%

  • Indices from Asia-Pacific trade significantly lower today as moods deteriorated further after the close of the Wall Street session. S&P/ASX 200 dropped 2%, Kospi moved 1.8% lower and indices from China traded up to 0.9% lower

  • DAX futures point to a more or less flat opening of the European cash session today

  • US State Department said that negotiations with Iran "hit the wall" due to Iran's unreasonable position

  • According to AFP, annexation referendums in occupied territories of Ukraine began today as planned

  • Nomura lowered its forecast for 2023 Chinese GDP growth from 5.1 to 4.3%

  • Flash Australian manufacturing PMI ticked higher from 53.8 to 53.9 in September. Services gauge moved from 50.2 to 50.4

  • Gains can be spotted all across the cryptocurrency market. Bitcoin gains 1%, Ethereum trades almost 3% higher while Ripple rallies over 12%

  • Oil is trading lower with Brent dropping back below $90 per barrel

  • Precious metals trade little changed today - gold and silver trade flat while platinum gains 0.1%

  • JPY and USD are the best performing major currencies while AUD and NZD lag the most

S&P 500 (US500) continues to slide and has reached a fresh 2-month low amid a continued increase in yields. Index is testing a mid-term support zone in the 3,750 pts area. Source: xStation5

Daily summary: Global stocks' relief rally fades, GBP regains some ground
CarMax sinks 25% after terrible quarterly results
BREAKING: NATGAS tumbles after EIA report
USD strengthens slightly after US GDP and claims data
BREAKING: German inflation rate surges to 10.0% in September