Tuesday 8 June 2021

News that happened in the last 24 hours

 Check out the news that happened in the last 24 hours:


 1️⃣ Yesterday's main news

 The Fed's use of an overnight reverse repo hit a record high, surpassing $486 billion.

 - The Federal Reserve will release the results of a bank stress test or resume corporate stock buybacks and dividends.

 - The US government has recovered 63.7 bitcoins related to the hacks.

 - Russia will apply incentive measures to promote currency circulation from US dollars to Euro.

 New proposed law will allow Russians to inherit Bitcoin.

 - World Gold Council: Gold ETF has the highest monthly inflow in May.

 - Micro-strategy company issues junk bonds to buy Bitcoin.


 2️⃣ Notable economic events and data today

 - The adjusted value of Japan's quarterly real GDP ratio for the first quarter was published.  The market expected it to be -4.8%, compared with -5.1% in the previous quarter.

 - The final value of the annual GDP ratio for the first quarter of the euro area will be published.  The market is expected to be the same as last quarter.  At the same time, the quarterly employment rate for the first quarter will be released.

 - April US trade account announcement, the market is expected to have a deficit of 64.4 billion US dollars.  The agency's outlook believes that as US economic activity recovers faster than its global rivals, the deficit could continue to widen.

 - EIA released its monthly short-term energy outlook report and the next day, it released API crude oil inventories in the US for the week to date.  June 4.

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