U.S Markets, U.S bourse, closed lower on Tuesday due to the inflationary pressure investors are averse to. The major futures indexes suggest a rebound of 0.3% on the Dow when the opening bell rings Wednesday morning.
|I:DJI||DOW JONES AVERAGES||32990.12||-222.84||-0.67%|
|I:COMP||NASDAQ COMPOSITE INDEX||12081.39||-49.74||-0.41%|
Commodities, Oil prices gained Wednesday morning after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.
U.S. West Texas Intermediate (WTI) crude traded around $116 a barrel. Brent crude traded around $117 a barrel. Both benchmarks ended May higher, marking the sixth straight month of rising prices.
Earnings, Salesforce increased its full-year adjusted profit forecast on strong demand as companies look to improve efficiencies. Shares of the company traded 8% higher in the after-hours session.
HP Inc. gave an upbeat earnings outlook even as its laptop and printing business dealt with supply-chain disruptions and sanctions against Russia.
Employment, On the economic docket, the payroll processing firm ADP releases its National Employment report for May. Economists are looking for a gain of 300,000 private-sector jobs, up from a much weaker-than-expected tally of 247,000 jobs in April.
SPOT MARKET BY THE HOUR AS OF GMT 09:30 06-01-22
Asia Market, Asian stocks The investors' sentiments are mixed. Tokyo's Nikkei 225 index increased by 0.65% to 27,457.89, China's Shanghai declined by 0.13% to 3,182.16 while Hang Seng in Hong Kong retreated by 0.56% to 21,294.94.
Cryptocurrencies, at an intraday range of $31,312.53 by the hour and a maximum of $31,962.79 in 24 hours.