Wall Street indices finished yesterday’s trading with big losses. S&P 500 dropped 2.01%, Dow Jones declined 1.56% and Nasdaq plunged 2.98%. Russell 2000 dropped 1.86%

Indices from Asia followed the US lead and also moved lower. Nikkei dropped 0.9%, S&P/ASX 200 declined 0.7% and Kospi traded 1.6% lower. Indices from China traded 0.7-1.5% lower

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

After negotiations Turkey dropped its opposition to Finland and Sweden joining NATO. Official announcement is expected during Alliance’s summit that begins today

Reuters reported that talks between G7 countries and China and India on Russian oil price cap were positive and productive

Australian retail sales increased 0.9% MoM in May (exp. 0.3% MoM)

Japanese retail sales increased 3.6% YoY in May (exp. 3.2% YoY)

API report pointed to a 3.8 million barrel drop in US oil inventories (exp. -0.6 mb)

Cryptocurrencies are pulling back with declines ranging from 1-6%. Bitcoin drops 1.5% and tests $20,000 area

Oil is trading slightly lower. Brent holds above $113 while WTI trades near $111.40

Platinum gains while gold and silver trade little changed

NZD and GBP are the best performing major currencies while EUR and AUD lag the most

Nikkei (JAP225) pulls back after a failed attempt of breaking above the resistance zone in the 27,000 pts area.