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US indices finished yesterday's trading lower. S&P 500 dropped 0.36%, Dow Jones dropped 0.07% while Nasdaq moved 1.03% lower. Russell 2000 dropped 0.81%
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Stocks in Asia traded mixed. Nikkei and Kospi declined while S&P/ASX 200 and indices from China advanced
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DAX futures point to a more or less flat opening of the European session
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Joe Biden is reportedly willing to accept Republicans' proposal of a 15% minimum corporate tax rate. CNBC reported that this does not mean Biden is withdrawing from a 28% corporate tax rate proposal
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Joe Biden signed an order banning investments in 59 Chinese companies. Ban will become effective from August 2
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Fed Williams said that said it is not the time for the Reserve to wind down bond-buying programme but discussion over exit in the future make sense
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United Kingdom has reached a post-Brexit trade agreement with Norway
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Japanese household spending increased 13% YoY in April (exp. 8.8% YoY)
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New Zealand construction work done increased 3.7% QoQ in Q1 2021 (exp. 3% QoQ)
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Major cryptocurrencies are trading lower on the back of Elon Musk's tweets. Bitcoin drops over 4% and trades near $37,000 mark
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Precious metals pull back while oil and industrial metals gains
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NZD and JPY are the best performing major currencies while CHF and EUR lag the most
CHNComp does not seem to be concerned about the new US blacklist. The index has recovered from daily losses and is now trying to climb back above the resistance zone ranging around 10,800 pts mark. Source: xStation5
