Friday 25 June 2021

Check out the news happening in the last 24 hours

  1️⃣ Yesterday's main news

 Biden said it had reached an infrastructure deal with senators from both sides.

 - The Fed will remove restrictions on bank stock buybacks and dividends.

 - US negotiators said they could resume talks on the Iran nuclear deal as soon as next week.

 The number of initial jobless claims in the United States fell last week.

 - The SEC is introducing requirements for the cryptocurrency trading business.

 - The Bank of England's hawkish signals fell short of expectations and the pound fell.

 India's Oil Minister urged OPEC to cut production as soon as possible.

 - Microsoft introduces the new Windows 11 system.

 - The reverse repurchase activity exceeded 10 billion for the first time in 3 months.


 2️⃣ Notable economic events and data today

 - The US will release core PCE data for May, which is the inflation indicator that the Fed is most interested in.

 - Tonight, the FOMC Standing Voting Committee and New York Federal Reserve Chairman Williams will deliver speeches.

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