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Wall Street indices finished yesterday's trading with big losses. S&P 500 dropped 2.01%, Dow Jones declined 1.56% and Nasdaq plunged 2.98%. Russell 2000 dropped 1.86%
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Indices from Asia followed the US lead and also moved lower. Nikkei dropped 0.9%, S&P/ASX 200 declined 0.7% and Kospi traded 1.6% lower. Indices from China traded 0.7-1.5% lower
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DAX futures point to a lower opening of the European cash session today
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After negotiations Turkey dropped its opposition to Finland and Sweden joining NATO. Official announcement is expected during Alliance's summit that begins today
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Reuters reported that talks between G7 countries and China and India on Russian oil price cap were positive and productive
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Australian retail sales increased 0.9% MoM in May (exp. 0.3% MoM)
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Japanese retail sales increased 3.6% YoY in May (exp. 3.2% YoY)
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API report pointed to a 3.8 million barrel drop in US oil inventories (exp. -0.6 mb)
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Cryptocurrencies are pulling back with declines ranging from 1-6%. Bitcoin drops 1.5% and tests $20,000 area
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Oil is trading slightly lower. Brent holds above $113 while WTI trades near $111.40
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Platinum gains while gold and silver trade little changed
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NZD and GBP are the best performing major currencies while EUR and AUD lag the most
Nikkei (JAP225) pulls back after a failed attempt of breaking above the resistance zone in the 27,000 pts area. Source:xStation5
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