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US indices finished yesterday’s trading lower. S&P 500 dropped 0.85%, Dow Jones declined 0.78%, Nasdaq moved 0.56% lower and Russell 2000 slipped 0.73%
Downbeat moods could have also been spotted in Asia. Nikkei dropped 1.6%, S&P/ASX 200 moved 2% lower and indices from China traded declined more than 0.5%
DAX futures point to a lower opening of the European session
Cryptocurrencies continued to slide with Bitcoin dropping below $39,000
According to Reuters report, China banned financial institutions from offering cryptocurrency services
According to Politico report, European Union may decide to freeze investment agreement with China due to sanctions on China being in place
Closure of Canadian-US border for non-essential travel has been extended for another month (until June 21)
Australian wage growth reached 0.6% QoQ in Q1 2021 (exp. 0.5% QoQ)
Japanese industrial production increased 3.4% YoY in March (exp. 4% YoY)
API report pointed to a 0.62 million barrel build in oil inventories (exp. +1.7 mb)
Precious metals, oil, industrial metals and agricultural goods trade lower
EUR and GBP are the best performing major currencies while NZD and AUD lag the most
US100 failed to break above the 38.2% retracement and a lower high was painted as a result. Index is testing the support zone ranging around 50% retracement and press time (15,135 pts) and breaking below it may pave the way for a test of recent lows in the 12,950 pts area.