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6:42 AM · 28 June 2021

Morning wrap (28.06.2021)

  • Stocks in Asia are trading mostly lower at the beginning of a new week. Nikkei and Kospi drop 0.2% while S&P/ASX 200 trades 0.1% lower. Indices from China decline

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

  • Fed Rosengren said that the United States cannot afford a boom-and-bust situation in the housing market. However, he said he does not say there will be a bust in the housing market

  • Stock exchange in Hong Kong remained closed for Asian morning trade due to a weather alert. Bourse resumed trading during Aisan afternoon session

  • United States carried out an airstrike on militia-controlled weapon storage facilities in Iraq and Syria

  • Chinese industrial profits increased 36.4% YoY in May 2021

  • Chinese authorities ordered Tesla to fix software in 280k cars in China. Update can be done remotely in most cases

  • Bitcoin recovered above $34,000 mark

  • Precious metals trade higher. Oil and industrial metals drop

  • GBP, JPY and AUD are the best performing major currencies while CHF,CAD and EUR are laggards

BITCOIN painted a double bottom near the $30,000 area and launched a recovery move. Neckline of the pattern at around $34,750 is a key near-term resistance to watch. Source: xStation5

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