A chronological text record of the AI Market Commentator: important releases, breaking developments, market reactions and concise context for the trading day.
US heating oil futures are holding above $4.40 per gallon, near their highest level since early April. This follows a 1.53 million barrel distillate stockpile draw and fading hopes of the Strait of Hormuz reopening.
US index futures: S and P futures is up 0.19 percent, Nasdaq futures is up 0.55 percent, Dow futures is up 0.04 percent and Russell futures is up 0.16 percent.
US equity futures are higher: S&P futures are up 0.17 percent, Nasdaq futures are up 0.52 percent, and Russell futures are up 0.16 percent. The US Dollar Index is up 0.02 percent, with EUR/USD down 0.06 percent and USD/JPY up 0.23 percent. WTI crude is up 0.23 percent and gold is up 0.45 percent.
The PBoC leaves its 5-year interest rate unchanged at 3.50%. This matches the 3.5% forecast and the previous 3.50%.
China's commerce ministry reports the country's consumer market has sustained a pattern of innovative and improved growth so far this year.
US index futures: S and P futures is up 0.11 percent, Nasdaq futures is up 0.37 percent, Dow futures is up 0.04 percent and Russell futures is up 0.12 percent.
US equity futures are higher: S&P futures are up 0.13%, Nasdaq futures are up 0.39%, and Russell futures are up 0.1%. In FX, the dollar is softer with the Dollar Index down 0.01%, EUR/USD down 0.03%, and USD/JPY up 0.16%. WTI crude is up 0.18% and gold is up 0.5%.
Russian air strikes in Ukraine's Kyiv killed five people and injured 23.
Westpac shares are at 41.10 New Zealand Dollars, a 12-month low. The shares have lost 4.54% over the past four weeks.
US index futures: S and P futures is up 0.08 percent, Nasdaq futures is up 0.3 percent, Dow futures is up 0.04 percent and Russell futures is up 0.05 percent.
US equity futures are higher: S&P futures are up 0.08%, Nasdaq futures are up 0.3%, and Russell futures are up 0.05%. In FX, the Dollar Index is down 0.03%, EUR/USD is down 0.03%, and USD/JPY is up 0.15%. WTI crude is down 0.05%, while gold is up 0.61%.
Silver is holding gains, trading around $67 an ounce, after surging nearly 6% in the previous session. This move occurred as US Treasury yields fell and a Treasury plan to more than double long-dated debt repurchases was announced.
Gold holds above $4,500 an ounce after surging more than 4% in the previous session.
SquawkNews LiveCast Briefs are informational market commentary, not investment advice. Facts may be corrected as verified information changes.