1️⃣ Yesterday's main news
- International oil prices continue to reach new 3-year highs.
- U.S. monthly retail sales rate recorded a negative value in May.
- The Fed's use of overnight reverse repurchases fell by the most since April 1.
The White House's patience for bilateral negotiations on the infrastructure project is said to be nearing its limit.
- The southwestern United States is facing a once-in-a-thousand-year drought crisis.
- The US and Europe announced the suspension of retaliatory tariffs on the subsidy dispute between Airbus and Boeing.
- EU launches bond issuance plan to finance recovery fund, raising 20 billion euros.
2️⃣ Notable economic events and data today
- the US will publish the EIA of crude oil inventories through the end of the week of June 11. API crude inventories announced early this morning recorded the fourth consecutive week of decline, in line with expectations, and the level decrease is the largest. since January. Crude WTI crude oil futures published in the After data were slightly higher. Investors can pay attention to possible fluctuations in oil prices tonight.
- Today, Russian President Putin and US President Biden held a summit. According to reports, the summit will start on Wednesday. The Kremlin spokesman said the Putin-Biden summit will last 4-5 hours, during which there will be a break. And change. Format of the meeting.
- tomorrow, the Federal Reserve will release interest rate resolutions, policy statements, and economic expectations. Then, Fed Chairman Powell held a press conference.
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