U.S stock futures closed lower while asian shares were mixed ahead of the boj’s meeting. Oil prices traded flat. Gold halted new year’s rally. Yen slipped against dollar. Cryptos held solid gains.

Updated time: 18 Jan, 2023, 12:59 (UTC+04:00)

Stocks:

U.S stock futures followed major indices' downward trend to end lower as Goldman Sachs missed earnings expectations. Dow Jones Futures and 500 Futures lost 0.2% each while Nasdaq Futures gave up 0.3%. Ahead of the day, investors will closely watch major economic data as well as speeches from Bostic, Bullard and Harker.

U.S stock futures closed lower while asian shares were mixed ahead of the boj’s meeting. Oil prices traded flat. Gold halted new year’s rally. Yen slipped against dollar. Cryptos held solid gains.

Asian stocks were mixed ahead of the BOJ’s meeting which would give more signals on its upcoming interest rate policy. Market participants expected to see a shift away from long-lasting ultra-low rates given that Japanese yields hugged a policy cap. Japan’s Nikkei, therefore, gained 0.6% while Hang Seng index and Asia-Pacific shares outside Japan eased 0.2%.

Commodities:

Oil prices were little changed amid a strong rebound in China’s crude demand against concerns of global economic slowdown. Brent crude futures inched up 0.2% to $86.50 while WTI crude futures lost 0.2% to settle at $81.09 per barrel. Also, the IEA's monthly report due later in the day is the main market’s focus.

Gold prices halted gains to hover below 8-month high as the market tumbled ahead of the U.S. economic data and Thursday's speeches of Fed officials. Spot gold was unchanged at $1,908.74, while gold futures rose 0.1% to $1,911.30. Copper prices fell after rising sharply amid signs of economic recovery in the world's largest copper importer.

Currencies:

The yen slipped 0.56% against the steady U.S dollar at 128.83 as sentiment awaits the BOJ's policy decision, which could pave the way to close its ultra-easy monetary policy. The dollar index was flat at 102.400. Meanwhile, sterling and euro marked declines of 0.11% and 0.03% to trade at $1.2274 and $1.0785 respectively. Elsewhere, the opposite occurs between two Antipodean pairs: Aussie was down to $0.698 but kiwi added 0.03% to $0.643.

Cryptocurrencies:

Crypto continued its momentum with shining Bitcoin climbing above $21,000 for the fourth consecutive day. The largest cryptocurrency rose 1.2% to trade at $21,215 while Ethereum changed hands at $1,573, up 1.5%. Other majors traded sideways.

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