Read this before you start trading today!
US indices finished yesterday’s trading lower as tech sector slumped. S&P 500 dropped 1.04%, Dow Jones declined 0.10%, Nasdaq slumped 2.55% and Russell 2000 closed 2.59% lower
Stocks in Asia followed into footsteps of their US peers and moved lower. Nikkei plunged over 3%, S&P/ASX 200 moved 1% lower while Kospi dropped 1.6%. Indices from China traded lower as well
DAX futures point to a lower opening of the European session
US regulator authorized Pfizer vaccine for use in 12-15 age group
Fed’s Kaplan repeated that it is better to begin taper discussion sooner rather than later
Politico reports that Republican Senators could accept higher infrastructure spending than previously announced $568 billion Republican bill
Japanese household spending increased 6.2% YoY in March (exp. +1.5% YoY)
New Zealand’s retail card spending increased 4% MoM in April
Chinese CPI inflation accelerated from 0.4% to 0.9% YoY in April (exp. 1% YoY). PPI inflation accelerated from 4.4% to 6.8% YoY (exp. 6.6% YoY)
South Korean exports jumped 81.2% YoY during the first 10 days of May while imports were 51.5% YoY higher. Semiconductor exports increased 51.9% YoY
Precious metals trade slightly higher. Oil and agricultural goods pull back. Industrial metals advance
EUR and CAD are the best performing major currencies while CHF, JPY and USD lag the most
US100 plunged yesterday as tech shares sold off. Index dropped over 2.5% yesterday and the downward move is being continued today. US100 broke below the support zone at 38.2% retracement and trades at the lowest level since the beginning of April.