US stocks showed very minimal growth yesterday. Dow Jones rose 0.1%, while S&P 500 and Nasdaq climbed 0.2% and 0.6%, respectively.
Nevertheless, the indices are below yearly highs and there is a chance that new levels will be hit, depending on the gist of the upcoming economic reports.
In the case of Asian markets, different movements were observed this morning. Japan indices dipped by 0.4%, while China indices rose 0.1%.
As for the oil market, prices declined this morning despite the noticeable decrease in excess supply. The latest data said oil inventories dropped by 0.3% or 1.7 million barrels per day, distillate stocks by 3 million bpd and gasoline reserves by 1.7 million bpd. However, production in the United States remained at 11 million bpd, which is almost the same as its average last year - 11.3 million bpd. Hence, Brent slipped by 0.4% and traded at $ 68.60, but is expected to close around $ 67.50 - $ 69.50 today.
With regards to the controversial plane hijacking in Belarus, EU has placed strict sanctions on the country and banned flights to and from it. Belarus President Alexander Lukashenko justified his actions and said he received a warning from Hamas that a bomb was on board, but Hamas denied the accusations.
Going back to the US market, investors are waiting for the reports on US employment and GDP, which will be released today at 12:30 GMT.