US markets climbed and reached record levels again. Energy, Materials and Industrials shares gained as oil prices rebounded slightly.

Asian markets were higher across the region. The Nikkei gained 0.94% as the Dollar continued to appreciate against the Dollar nearing the key psychological level of 120.

European markets are mixed today ahead of the ECB interest rate decision and press conference. Markets expect that a decision could be made to increase stimulus. The report will be released at 12:45pm (GMT) and the conference will be at 1:30pm (GMT).

Oil gained slightly after the EIA reported a bigger than expected decline in inventories. Crude inventories dropped by 3.7 million barrels during the past week, however, distillates and gasoline inventories climbed. OPECs decision still lingered on the market and the price is expected to decrease further unless production is cut.

Gold is ranging despite the stronger Dollar. Traders are hesitant ahead of the NFP report which will be released on Friday after a number of mixed reports this week. It is still expected that interest rates could be increased sooner but as stated by Fischer earlier in the week, any changes will be dependent on data.

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