Wall Street indices trade higher today - S&P 500 gains 0.4%, Nasdaq trades 0.5% higher and small-cap Russell 2000 rallies 1%. Dow Jones is a laggard and trades flat
Target trades over 11% higher today after reporting better-than-expected fiscal-Q2 earnings
Macy's drops 12% after reporting disappointing fiscal-Q2 earnings and cutting forecasts
FOMC minutes from July meeting showed that vast majority of FOMC members said it would be appropriate to cut rates in September. FOMC members also noted increased risks to employment-side of Fed's mandate
US Bureau of Labor Statistics revised non-farm payrolls data for April 2023 - March 2024 period lower by 818k, more or less in the middle of market expectations (600-1000k)
USD waekened following BLS jobs data revision and dovish minutes, with EURUSD climbing to a 1-year highs above 1.1160 mark
European stock market indices traded higher today - German DAX and Dutch AEX gained 0.51%, UK FTSE 100 moved 0.12% higher, while French CAC40 added 0.52%
ECB Panetta said that he hopes European Central Bank cuts rates in September
US Department of Energy announced a 4.65 million barrel decline in oil inventories (exp. -2.9 mb), a 1.61 million barrel drop in gasoline inventories (exp. -0.4 mb) and a 3.31 million draw in distillate inventories (exp. +0.2 mb)
Polish employment declined 0.4% YoY in July (exp. -0.4% YoY), while wage growth slowed to 10.6% YoY (exp. 10.8% YoY)
Japanese exports increased 10.3% YoY in July (exp. 11.4% YoY), while imports were 16.6% YoY higher (exp. 14.9% YoY)
Cryptocurrencies trade higher today - Bitcoin gains 1.2%, while Ethereum and Dogecoin jump 1.7% each
Energy commodities drop - oil is down around 2%, while US natural gas prices drop 1.8%
Precious metals gain on USD weakening - silver adds 0.5%, while platinum and palladium jump 1.7%. Gold trades flat
GBP and CHF are the best performing major currencies while USD and AUD lag the most