- US indices finished yesterday's session sharply higher. S&P 500 rose 1.4%, Dow Jones added 1.76% and Nasdaq finished 0.79% higher. Russell 2000 advanced 2.13%
- Stocks in Asia traded higher today. Nikkei surged 3.0%, S&P/ASX 200 added 1.76% and Kospi rose 0.75%. Indices from China rose also moved higher
- DAX futures point to a slightly higher opening of the European session
- China is continuing to investigate and tighten regulations on iron ore trading
- BofA looking for Brent price to reach $100 per barrel by the end of the year
- Goldman Sachs expect the ECB to begin taper this year and does not see a case for sustained Dollar appreciation
- NY FED Williams said Fed is talking about talking about slowing QE purchase
- Fed Chair Powell testimony: Inflation has picked up noticeably, job gains should pick up in months ahead
- New Zealand data, credit card spending in May +8.5% m/m (previous +2.7%)
- Bitcoin trades below 33,000 USD, Ethereum remains below $2,000
- Gold and silver moved slightly higher
- Oil trades higher, industrial metals trade mixed and agricultural goods rose
- USD and GBP are the best performing major currencies while AUD and CHF lag the most
Nikkei (JAP225) - added 3.00% on Tuesday, bouncing back from declines of 3.29% in the previous session. The nearest major support lies at 38.2% Fibonacci retracement - around 27760 pts. Downward trendline act as resistance. Source: xStation5
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