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Wall Street indices finished yesterday’s trading at new record highs. S&P 500 gained 0.77%, Dow Jones moved 0.49% higher, Nasdaq rallied 0.94% and small-cap Russell 2000 surged 0.94%

Tuesday News
  • Wall Street indices finished yesterday’s trading at new record highs. S&P 500 gained 0.77%, Dow Jones moved 0.49% higher, Nasdaq rallied 0.94% and small-cap Russell 2000 surged 0.94%
  • Indices from Asia-Pacific traded higher today – Nikkei gained 0.8%, S&P/ASX 200 moved 0.9% higher, Kospi added 0.6% and Nifty 50 traded 0.3% higher
  • Indices from China trade mixed with returns ranging from -0.2% to +0.4%
  • European index futures point to a higher opening of the cash session on the Old Continent today
  • Reserve Bank of Australia left interest rates unchanged at a meeting today, with cash rate remaining at 12-year high of 4.35%. Decision was in-line with market expectations
  • RBA repeated in a statement that it needs to be wary of upside risks to inflation and that it does not rule out rate hike or rate cut
  • AUD did not experience any major move in the aftermath of RBA decision as decision was in-line and statement was more or less unchanged compared to May
  • BoJ Governor Ueda said that he expects strengthening of wage-price cycle in Japan, what should lead to gradual acceleration in underlying inflation
  • Ueda also said that there is a chance BoJ will raise rates at July meeting, but it will depend on economic data available at the time
  • Cryptocurrencies are pulling back – Bitcoin drops 1.3%, Ethereum trades 2% lower and Dogecoin plunges almost 6%
  • Energy commodities trade mixed – oil drops 0.5%, while US natural gas prices jump over 3%
  • Precious metals trade mixed – gold gains 0.1%, silver drops 0.2%, platinum adds 0.3% and palladium declines 0.3%
  • AUD and USD are the best performing major currencies while NZD and CAD lag the most. However, trading ranges on the FX market were narrow during the Asia-Pacific trading

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