Morning wrap (30.06.2021)

• US indices finished yesterday's trading higher. Dow Jones and S&P 500 added 0.03% each while Nasdaq gained 0.19%. Russell 2000 dropped 0.58%

• Gains can also be spotted across markets in the Asia-Pacific region. Nikkei traded more or less flat, while Kospi and S&P/ASX 200 added almost 0.5% each. Indices from China gained as well

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

• Fed's Waller said that the economy has not recovered to pre-pandemic levels yet. He also said he does not rule out a rate hike as soon as in 2022

• Australian securities regulator is looking for feedback on crypto-related exchange-traded products

• Australian private credit increased 0.4% MoM in May (exp. 0.3% MoM)

• Japanese industrial production declined 5.9% MoM in May (exp. -1.9% MoM)

• South Korean industrial production declined 0.7% MoM in May

• Chinese manufacturing PMI dropped from 51.0 to 50.9 pts in June (exp. 50.9) while services index declined from 55.2 to 53.5 pts (exp. 55.5)

• API report on oil inventories suggested a 8.15 million barrel decline (exp. -4.5 mb)

• Precious metals trade mixed - gold and platinum drop while silver and palladium gain

• Bitcoin trades slightly below $35,000

• Industrial metals and agricultural goods trade mixed. Oil gains

• AUD and GBP are the best performing major currencies while CHF and USD lag the most

Gold took a hit yesterday and painted a fresh 2.5-month low. However, precious metal managed to recover above $1,760 by the end of the day. Source: xStation5