📆 Tuesday, June 27
► European equities and U.S. equity futures have stabilized after a slight recovery in Asian equities as investors await upcoming data and speeches from policymakers on the economy and monetary policy.
► S&P 500 (+ 0.2%) & Nasdaq 100 (+ 0.3%) futures are trading slightly higher in pre-market trading, recovering from a previous slump amid concerns that the Federal Reserve may lead the US economy into recession by keeping rate high(er) for longer
► The offshore CNY advanced after China set its daily reference rate for the managed currency at a stronger-than-expected level for a second day. US Treasuries remained steady.
► Speeches by key central bank figures are awaited this week at the policy forum in Portugal. ECB President Christine Lagarde spoke today at 08:00 UTC+0. Markets are anxious about the potential for rate hikes and their impact on fragile economies.
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