Market Recap: Equites Mixed Once Again As The US Announce They Are Ready To Meet China Once More
Another mixed close on Wall St. as tech stocks were under pressure, the Nasdaq closed lower by 0.23%. The Asia Pacific indices also traded mixed with the Nikkei 225 trading higher by nearly 1%, the ASX losing 0.76% of its value and the Shanghai Comp. rose 0.84%. Today traders look forward to the BoE and ECB rate decisions alongside US CPI.
Major commodities are mostly subdued overnight with the exception of copper which trades flat after confirmation that the US is looking to meet China to discuss trade once more.
Yesterday Crude Oil Inventories from the DoE produced a draw of -5.296M vs the expected -1.300M. This sent spot WTI higher but the rally above $70/bbl could not be sustained.
Gold also had a good session yesterday and this morning we are 0.12% lower. The precious metal is now trading above the pivotal $1200/oz level at $1204.70/oz....