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US indices finished yesterday’s trading higher. S&P 500 gained 0.82%, Dow Jones added 0.93%, Nasdaq moved 0.37% higher while Russell 2000 finished flat
Gains can be spotted on the Asian stock exchanges as well. Nikkei gained 0.1%, S&P/ASX 200 added 0.2%, Kospi moved 0.8% higher and indices from China advanced
DAX futures point to a higher opening of the European session
RBA report on monetary policy repeated that the Bank does not expect interest rates to be raised before 2024
According to US officials, State Secretary Blinken will keep pressure on China during his speech at United Nations virtual meeting today
According to Fed’s semiannual financial stability report, rising risk appetite as well as elevated asset prices may lead to sudden and abrupt declines on the markets and, in turn, create vulnerabilities in the US financial system
Chinese exports increased 32.3% YoY in April (exp. +24.1% YoY) while imports were 43.1% YoY higher (exp. +42.5% YoY)
Copper jumped above record peak from 2011 and reached a fresh record high
Bitcoin trades slightly above $55,000
Precious metals advance after CME lowered required margins for gold, silver and platinum futures
GBP is the best performing major currency while CAD and AUD lag the most
Copper finished yesterday’s trading a touch below 2011 peak at around $10,160 per tonne. Prices continued to move higher overnight and today’s session on the London Metal Exchange is expected to be launched above the $10,200 mark – a new record high.