- Wall Street was closed today due to US holiday and stock cash session was not held. Lack of US traders led to a lower liquidity and overall calmer afternoon on the markets
- US index futures traded mixed today, with S&P 500 futures trading flat, Nasdaq-100 futures moving slightly higher, while Dow Jones and Russell 2000 futures traded slightly lower
- European stock market indices traded mostly lower today. German DAX dropped 0.36%, French CAC40 moved 0.77% lower, Dutch AEX declines 0.37%, while UK FTSE 100 added 0.17%. Polish WIG20 was European top performer with 1.5% gain
- Chinese indices traded higher today with Hang Seng adding over 2% after Chinese authorities announced a financial markets reform
- UK headline CPI inflation decelerated from 2.3% to 2.0% YoY in May (exp. 2.0% YoY), while core CPI inflation decelerated from 3.9% to 3.5% YoY (exp. 3.5% YoY). This was the first time UK CPI inflation dropped back to 2% target since 2021
- Nevertheless, it is unlikely that today's reading will encourage Bank of England to cut rates tomorrow, but some guidance on cuts may be offered
- Swiss franc is in wait-and-see mode ahead of tomorrow's SNB rate decision. Money markets are seeing an over-60% chance of 25 bp rate cut
- CLP gained after Chile's central bank left interest rates unchanged at 5.75%, in-line with market expectations. However, bank decided to boost inflation forecasts for 2024 and 2025
- Japanese exports increased 13.5% YoY in May (exp. 13.0% YoY), while imports were 9.5% YoY higher (exp. 10.4% YoY)
- Cryptocurrencies traded higher today, but Bitcoin lagged behind and dropped around 0.2%
- Energy commodities traded slightly lower - oil drops 0.2%, while US natural gas prices were down 0.5%
- Precious metals traded higher today - gold gained 0.1%, silver added 0.6%, platinum moved 0.4% higher and palladium rallied 2%
- AUD and GBP are the best performing G10 currencies, while NZD and JPY lag the most
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