US stocks rebound as treasury yields move lower

• European stocks mostly ended the session higher

• US indices rebounded from lower yields

• US crude inventories rose unexpectedly

The decline in US bond yields On the downside, profit-taking can only occur after the recent declines. Additionally, most European stock indices rallied in afternoon trade on Thursday, with Frankfurt's DAX 30 gaining 0.6% to 15,902 and markets in Paris, Milan, and Madrid gaining between 0.3% and 0.5%. % while the FTSE closed slightly lower. Russian RTS is up over 2% today, even as President Biden still sees a high risk of a Russian invasion of Ukraine.

The ECB minutes brought nothing new. The central bank sees some inflation issues and doesn't rule out inflation staying high, but that's not the base case. The Bank, of course, points out that some normalization is needed (termination of the PEPP program as previously agreed), but the PPP program will continue. No rate hikes are expected this year. Fitch notes that such a move by the ECB could come in 2024.

Today's US data was underwhelming. Weekly jobless claims rose to the highest since October at over 280,000. Secondary market home sales were also disappointing, although this may not be due to high prices but rather an ongoing shortage of available homes in the market.

Precious metals extended their recent rally. Platinum gained about 3%, although a slight correction took place after the European session and gold fell below $1,840. However, given the decline in bond yields, the session could end on a positive note.

US crude inventories rose 0.515 million barrels in the week ended January 14, the first rise since November, and compared to market forecasts for a 0.938 million drop, data from the EIA State of the Oil Report showed. Meanwhile, gasoline inventories rose 5.873 million barrels, more than an expected 2.634 million rise. However, oil pays no attention to this data at all. After yesterday's slight correction, prices are picking up again today.WTI is trading above $86.00, benefiting from lower US yields and a weaker dollar.

The beginning of 2022 is characterized by increased MandA activity in the gaming sector. Last week, TakeTwo Interactive announced the acquisition of Zynga, and now Microsoft has announced its plans to acquire ActivisionBlizzard, the largest MandA deal in gaming history! Share prices of other game makers rose as expectations increased for more mergers and acquisitions in the games sector. You can find more details on this topic in today's review!

Bitcoin fell below the $42,000 psychological barrier, according to information from the Central Bank of Russia, which announced that Russia should ban mining and use of this cryptocurrency, and the industry itself has the characteristics of a scheme financial pyramid. However, it is worth noting that the market ignored this announcement, and Bitcoin's price surged to $43,500.

Train (PTON.U.S. stocks fell 15% in response to an internal document that said the company would temporarily halt production to better match supply and demand. Structure and if current sentiment prevails, the downside could accelerate towards the all-time low of $17.50.