Morning wrap (03.06.2021)

• US indices finished yesterday's session slightly higher. S&P 500 gained 0.14%, Dow Jones added 0.07% and Nasdaq finished 0.14% higher. 
• Stocks in Asia traded higher today. Nikkei rose 0.47%, S&P/ASX 200 advanced 0.59% and Kospi gained 0.94%. Most indices from China also moved higher
• DAX futures point to a slightly higher opening of the European session
• Bitcoin trades around  38,200 USD, Ethereum slightly below 2,800 USD
• USD is the best performing major currency while JPY, NZD and AUD lag the most
• Australia Retail Sales for April, final, +1.1% m/m (as expected)
• Germany reports 4,640 new coronavirus cases, 166 deaths in latest update, total active cases is seen falling further to ~85,000 - the lowest since October last year. 
• Media reports Apple is requesting staff return to the office 3 days a week from September
• Private oil survey data shows large headline draw in crude oil inventory (-5,360M)

Oil prices continue to move higher after the API report. Both Brent and WTI are up by more than 0.7%. Looking at the daily interval on OIL.WTI, the $70.45 could be the next target for buyers (161.8% Fibonacci retracement of recent downward correction). Source: xStation5