1️⃣ Yesterday's main news
The ceasefire agreement between Israel and Gaza has come into effect.
- The US Treasury Department proposes to set a global minimum corporate tax rate of 15%.
- The U.S. Department of the Treasury requires large electronic money transfers to be reported to the IRS.
- The Federal Reserve will release a report on US digital currencies this summer.
Weak demand for inflation-protected bonds shows confidence in the Fed's inflation theory.
- Fed's reverse repurchase activity surges, as huge amounts of cash are looking for exits.
- The West has agreed to lift major sanctions on Iranian oil, etc.
- The number of new confirmed cases in India in just one day has dropped below 300,000 for four consecutive days.
2️⃣ Today's important facts and data
- President of the European Central Bank Lagarde gave a speech.
- US May Markit Manufacturing and Services Initial Value PMI, the market is expected to be the same as the previous value.
- Fed Bostic and Barkin attend the meeting. The next day, Fed Daley will give a speech.
- The total number of US oil rigs for the week to May 21 is announced, and is expected to continue to increase to 356.
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