US indices finished yesterday’s trading higher after the release of the FOMC’s May meeting minutes showed no signs that FED could turn more hawkish to curb rising inflation. S&P 500 rose 0.95%, Nasdaq jumped 1.51% while Dow Jones gained 0.60%

Indices from Asia-Pacific are traded mixed today. Nikkei dropped 0.15%, S&P/ASX 200 and Kospi fell 0.55% and 0.12% respectively while indices from China traded mostly higher.

DAX futures point to a lower opening of the European cash session

Shanghai port restored 95% capacity, according to Chinese state media

PBOC urges banks to increase credit to small and medium-sized enterprises (SMEs)

Number of companies which plan to relocate out of China have hit a decade high, according to WSJ

South Korea’s central bank hikes interest rate by 25bp to 1.75% now

Apple plans hike pay for hourly workers due to tight labour market

RBNZ Gov Orr said that central banks wants to move rates quickly

Majority of cryptocurrencies trade mostly lower. Bitcoin fell 0.50%, Ethereum dropped 1.6%

Brent and WTI trade 0.6-0.7% higher

Precious metals pull back slightly. Gold lost 0.50%, while silver fell 0.80%

EUR and USD are the best performing major currencies while AUD and CHF lag the most

CHNComp  took a hit this week amid worsening economic situation in China. If current sentiment prevails, support at 6500 pts may be at risk.