US close, nos etc..8 Jun 2022 06:32
DJ +264 (33,180)
SP +39 (4161)
NS +112 (12,712)
R2 +14 (1265)
WTI $120
10ytb 2•995%
MSCI(W) +15 (2805)
Gold Bugs +2 (260)
Oil $121. Gold $1850.
Copper $4•417. Palm $1700. Silver $22•15. $1•257. €1•176.
Asia trades significantly higher tracking Wall St's gains on Tuesday, despite the World Banks forecast of global stagflation amid a sharp slowdown in growth, rising inflation and Ukraine. World growth forecasts have been cut from 5•7% to 2•9% making it very hard for many countries to avoid recessions.
At mid session Asian mrkts are higher led by Tokyo up over 200 as data showed the economy contracted less than forecast and HK snaps 2 days of losses gaining 370 at mid session. Shanghai slips (23) on profit taking after 3 days of gains. The ASX is up (24) despite a bigger than expected interest hike of 50 basis to •85%.
London is called 20 higher with the Dow off 87.
Morning all.