Morning wrap (24.06.2021)

• US indices finished yesterday's trading mixed. S&P 500 dropped 0.11%, Dow Jones moved 0.21% lower while Nasdaq gained 0.13% and closed at record high. Russell 2000 added 0.33%

• Stocks in Asia traded mixed. Nikkei and S&P/ASX 200 dropped, Kospi gained while indices from China traded without a common direction

• DAX futures point to a slightly higher opening of the European session

• US Senator Romney said that Democrats and Republicans reached a framework agreement on the infrastructure bill. Politicians from both parties will head to White House today to meet with President Biden

• Fed's Rosengren said that market is not behaving and pricing assets as if it expects inflation at or above 3%

• Chinese media reported that TSMC, major semiconductor manufacturer, plans to rise prices by 10-20% next year

• Chinese banking official said that PPI may reach 10% MoM and pressure consumption

• Negotiators from the US are preparing to resume Iran nuclear talks

• Bitcoin trades near $32,500

• Precious and industrial metals trade lower. Oil trades slightly higher. Agricultural commodities drop

• NZD and JPY are the best performing major currencies while CHF and EUR lag the most

US100 finished yesterday's trading at a record level but off the daily highs. Index is trading higher today and is testing 14,300 pts area. Source: xStation5