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US indices managed to recover from losses and finish yesterday’s session higher. S&P 500 gained 0.52%, Dow Jones added 0.62%, Nasdaq moved 0.12% higher and Russell 2000 rallied 2.29%
Positive tones were also seen in Asia, where Nikkei gained 1.5%, S&P/ASX 200 added 0.5%, Kospi moved 1.1% higher and indices from China traded higher
DAX futures point to a higher opening of the European session
Suez Canal remains blocked
European Commission President von der Leyen said that companies manufacturing vaccines need to honor contracts with the EU before exporting vaccines to other countries
Fed said that buyback and dividend limits for most banks will be removed on June 30, 2021
World Bank expects Chinese economy to expand by 8.1% in 2021. People’s Bank of China sees country’s potential growth at 5-5.7% in the next 5 years
French President Macron announced that new restrictions will be imposed amid jump in new Covid-19 cases
China sanctioned UK officials, who commented on human rights violations in Chinese Xinjiang province
Bank of Japan has formed a committee tasked with promoting smooth implementation of central bank digital currency
Bitcoin trades above $52,000
Oil recovered part of yesterday’s losses. WTI trades above $59.50 while Brent climb back above $62
NZD and AUD are the best performing major currencies while JPY, CHF and USD lag the most
OIL.WTI has found a support at the lower limit of the Overbalance structure and launched a recovery move. Price has climbed above a resistance at $59, marked with previous price reactions and 50-session moving average (green line).