US indices finished yesterday’s session slightly higher. S&P 500 gained 0.31%, Dow Jones moved 0.05% higher and Nasdaq added 0.40%. Russell 2000 gained 0.36%
Indices from Asia traded mixed – Nikkei added 0.1%, S&P/ASX 200 dropped 1.4% and Kospi moved 1.7% lower. Indices from China traded mixed
DAX futures point to a lower opening of the European cash session
Boris Johnson survived a confidence vote and will remain Conservative leader as well as UK Prime Minister. However, 148 out of 359 voters said they had no confidence in Johnson, what is a massive number.
For context, Theresa May survived confidence vote with 133 dissenters but step down from the office half year later as support from party members continued to dwindle
Reserve Bank of Australia announced a 50 basis point rate hike, pushing the main interest rate to 0.85%. Majority of economists expected either a 25 or 40 bp rate hike. AUD jumped following the decision but gave back most of the gains later on
Goldman Sachs now expects Brent price to average $135 per barrel in the second half of 2022 amid supply shortfalls
Japanese household spending dropped 1.7% YoY in April (exp. -0.9% YoY)
Strong sell-off can be spotted on the cryptocurrency market with both Bitcoin and Ethereum trading dropping over 6% today. Bitcoin pulled back below $30,000 mark
Oil is trading flat on Tuesday morning. Precious metals trade mixed with platinum and silver dropping, gold trading flat and palladium adding 0.3%
USD and CHF are the best performing major currencies while JPY and NZD lag the most
AUDUSD jumped following a bigger-than-expected rate hike from RBA. However, the pair failed to break above the 200-session moving average (orange circle) and started to pull back. All of the daily gains have been erased by now.