1. Global Stocks on Course for Worst Week Since March: Central bank rate hikes and rising bond yields contribute to a significant decline in global stocks, marking the worst week in over three months.
2. Market Volatility in Asia: Japanese shares fall 1.5%, raising concerns about Tokyo's rally. South Korea's benchmark and Hong Kong experience substantial losses.
3. US Dollar Strength and Currency Market Movements: The US dollar strengthens, while commodity currencies weaken. Speculation arises regarding possible verbal intervention on the yen.
4. Impact on Commodities: Slumping oil prices overshadow a drop in US crude inventories. Gold faces significant weekly decline.
5. Key Data and Expectations: Today's release of purchasing managers index surveys and British retail sales figures provide insights into economic performance and consumer sentiment.
Key events today:
Eurozone S&P Global Eurozone Manufacturing PMI, S&P Global Eurozone Services PMI.
US S&P Global Manufacturing PMI.
Fed Bank of St. Louis President James Bullard speaks.
Dollar Index (DXY) Intraday:
Pivot Level: 102.26
Pivot Level: 1919.99
Crude Oil (WTI) Intraday:
Nasdaq 100 Intraday:
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