Read this before you start trading today!

  • Stocks in Asia traded higher today. Nikkei gained 0.6%, S&P/ASX 200 added 1.2% and Kospi rallied over 1.7%. Indices from China decline
  • DAX futures point to a slightly higher opening of the European session

  • Scottish National Party fell short of winning an outright majority in recent elections. However, support from pro-independence Green Party may help push for another independence referendum

  • US government declared a state of emergency due to a large fuel pipeline shutdown in the east coast. It is said that pipeline operator has been targeted with a cyberattack and was forced to shut down pipeline network

  • ECB Chief Economist Lane said that the central bank will make an assessment of the PEPP programme in June

  • South Korea targets 4% GDP growth in 2021. South Korean President also announced that fiscal support will be increased in case situation requires it

  • Honda halted production in Thailand until the end of May due to semiconductor shortages. Meanwhile, Toyota announced that it expects record car production this year

  • According to Goldman Sachs, large miss in Friday’s NFP lower chance for Fed to begin tapering this year

  • Australian retail sales increased 1.3% MoM in March (exp. +1.4% MoM)

  • Oil is trading higher but off the daily lows. Precious metals and industrial metals advance. Agricultural goods drop

  • GBP and CAD are the best performing major currencies while JPY and CHF lag the most

British pound does not seem to be concerned over the good results of Scottish pro-independence parties in recent elections. GBPJPY jumped above the price zone ranging around 152.200 and is trading at the highest level in a month.