US indices finished yesterday's trading lower

  • S&P 500 dropped 0.36%, Dow Jones dropped 0.07% while Nasdaq moved 1.03% lower. Russell 2000 dropped 0.81%

  • Stocks in Asia traded mixed. Nikkei and Kospi declined while S&P/ASX 200 and indices from China advanced

  • DAX futures point to a more or less flat opening of the European session

  • Joe Biden is reportedly willing to accept Republicans’ proposal of a 15% minimum corporate tax rate. CNBC reported that this does not mean Biden is withdrawing from a 28% corporate tax rate proposal

  • Joe Biden signed an order banning investments in 59 Chinese companies. Ban will become effective from August 2

  • Fed Williams said that said it is not the time for the Reserve to wind down bond-buying programme but discussion over exit in the future make sense

  • United Kingdom has reached a post-Brexit trade agreement with Norway

  • Japanese household spending increased 13% YoY in April (exp. 8.8% YoY)

  • New Zealand construction work done increased 3.7% QoQ in Q1 2021 (exp. 3% QoQ)

  • Major cryptocurrencies are trading lower on the back of Elon Musk’s tweets. Bitcoin drops over 4% and trades near $37,000 mark

  • Precious metals pull back while oil and industrial metals gains

  • NZD and JPY are the best performing major currencies while CHF and EUR lag the most