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Wall Street indices finished yesterday’s trading higher, after recovering losses from the beginning of the session. S&P 500 gained 0.26%, Dow Jones added 0.18%, Nasdaq moved 0.35% higher and small-cap Russell 2000 traded 0.25% up

Tuesday News
  • Wall Street indices finished yesterday’s trading higher, after recovering losses from the beginning of the session. S&P 500 gained 0.26%, Dow Jones added 0.18%, Nasdaq moved 0.35% higher and small-cap Russell 2000 traded 0.25% up
  • Indices from Asia-Pacific traded mixed today – Nikkei gained 0.3%, S&P/ASX 200 dropped 1.3%, Kospi traded 0.5% higher and Nifty 50 added 0.3%. Indices from China traded 0.5-1.7% lower
  • Index futures point to a flat or slightly higher opening of today’s cash session for blue chips indices from the Old Continent
  • News flow during the Asia-Pacific session was very light, and it looks like markets are slowly getting into a ‘wait-and-see’ mode ahead of tomorrow’s US CPI release and FOMC rate decision
  • North Korean soldiers have briefly cross into South Korean territory on Sunday, June 9. However, South Korea said that the intrusion wasn’t intentional and no action was taken in response
  • Reuters reports that major Chinese state-owned banks intervened on the onshore FX market by selling US dollar in order to support yuan
  • UBS retains its forecast of 2 Fed rate cuts this year, with the first one coming in September, and stressed that even recent strong job numbers are unlikely to cause Fed to think about the possibility of hiking rates
  • According to Reuters report, the European Commission is likely to announce tariffs on Chinese electric vehicles this week
  • Reuters reports that Vietnam authorities are expected to loosen gold import rules by summer and allow companies to import gold for the first time since 2012
  • Major cryptocurrencies are pulling back – Bitcoin drops 2.4%, Ethereum trades 3% lower and Dogecoin declines 2.1%
  • Energy commodities trade mixed – oil drops 0.7%, while US natural gas prices climb 1.5%
  • Precious metals are pulling back – gold drops 0.4%, silver trades 1.9% lower, while platinum and palladium decline around 1.5% each
  • EUR and GBP are the best performing G10 currencies, while JPY, CHF and AUD lag the most

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