Yesterday's main news
- Gold, after falling below the level of $ 1850, has risen sharply again.
- Nasdaq and the S&P 500 index all set new closing highs.
- The Fed's use of reverse repurchase instruments hit a record high for six consecutive days.
- New York Fed survey: One-year average inflation expectations could reach an 8-year high.
- US bipartisan senators reportedly will form infrastructure proposals by the end of the week
- The UK epidemic control and prevention period has been postponed for 4 weeks.
- The European Union begins to issue US$1 trillion in bonds.
- US sanctions on Russian debt come into effect on the 14th.
- Tudor Jones: Will purely bet on inflation trades.
2️⃣ Notable economic events and data today
- Regarding the central bank's dynamics, the Reserve Bank of Australia will release the minutes of its June monetary policy meeting today. Additionally, today , Bank of England Governor Bailey will deliver a speech on the future of financial services.
- About the main data, today, the monthly retail rate for May in the US, known as “terrorist” data, will be released. The expected value is -0.8%, much lower than the previous value of 0%. If the data is better than expected, it will be able to further support the US dollar and gold causing gold to fall.
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