Morning wrap (23.06.2021)

6:41 AM 23 June 2021
  • US indices finished yesterday's trading higher. S&P 500 added 0.51%, Dow Jones gained 0.20% and Nasdaq moved 0.79% higher. Russell 2000 added 0.43%

  • Indices from Japan, South Korea and China gain. Australian S&P/ASX 200 lags

  • DAX futures point to a flat opening of the European session

  • Fed Chairman Powell said that the Fed will not raise rates preemptively and that he believes inflation will wane over time

  • China said that its army is reading to respond to provocations from other countries

  • Rumours that OPEC+ will decide to boost oil output during a meeting next week intensify

  • Bank of Japan minutes showed that members agreed economy is on the road to recovery and that inflation increase lacks strength

  • Australia may decide to impose coronavirus restrictions on Sydney amid jump in new cases in the city

  • Japanese manufacturing PMI index for June dropped from 53.0 to 51.5 (exp. 53.2)

  • API report on oil inventories point to a 7.2 million barrel draw (exp. -3.5 mb)

  • Bitcoin trades slightly below $34,000 mark

  • Precious metals and oil trade higher. Industrial metals trade mixed

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

Bitcoin continues to recover from a recent massive sell-off. The coin bounced off the $30,000 support area yesterday and climbed above a lower limit of a recent trading range at $33,500. Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits