Morning wrap (15.06.2021)

8:53 am 15 June 2021

  • US indices finished yesterday's trading mixed. S&P 500 gained 0.18%, Dow Jones dropped 0.25%, Nasdaq added 0.74% and Russell 2000 finished 0.41% lower

  • Stocks in Asia traded mixed as well. Indices from Australia, Japan and South Korea gained while equities from China dropped

  • DAX futures point to a higher opening of the European cash session

  • RBA minutes showed that the Bank thinks it would be premature to end bond-buying scheme and that actual inflation will not return to target band until 2024

  • Boris Johnson confirmed there will be a 4-week delay to lifting UK coronavirus restrictions

  • Democrat Senator Manchin said that bipartisan talks on infrastructure bill will be held this week

  • According to media reports, Bank of Japan may extend coronavirus relief programme beyond September

  • United States and Canada will discuss lifting border restrictions today

  • US carrier group entered South China Sea to conduct exercises in spite of China advising US not to sail its military fleet there

  • China said that it does not pose a systemic challenge to NATO. This is response to G7 meeting communique

  • Bitcoin holds above $40,000 mark

  • Gold and palladium trade flat while silver and platinum drop. Oil gains. Industrial metals decline

  • EUR and NZD are the best performing major currencies while USD and JPY lag the most

US100 broke to fresh all-time highs yesterday and the move is being continued today. The near-term resistance level to watch is marked with the 127.2% exterior retracement of a recent downward move (14,400 pts area). Source: xStation5

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