OPEC+ announced that the voluntary production reduction agreement will be extended from the end of 2023 to the end of next year; Biden signed the debt ceiling bill to temporarily avoid the US government from falling into debt default. At present, the proportion of short positions in US oil has increased, and the buying signal of US stocks is strong. What is the market outlook? Lock in GAIN Capital Daily Market Barometer Updates

Bank Indonesia expects the headline consumer price index to fall to 3.3% by the end of the year.

Governor of the Bank of Indonesia: The Indonesian rupiah is expected to appreciate in the future.

The Turkish lira fell more than 0.6 percent to 21.10 per dollar.

Federation of Indian Automobile Dealers Associations (FADA): Retail sales of passenger vehicles in India reached 2,98,873 units in May, up 4.3% year-on-year.

Market news: Vietnam will reserve 220,000 tons of rice to ensure food safety.

The Philippines raised the alert level of Mayon Volcano to Level 2.

Market news: U.S. President Joe Biden will meet with British Prime Minister Sunak on Thursday.

Market news: US President Biden will meet with the Danish Prime Minister on June 5.

According to the Financial Times: Bank of England seeks to expand deposit protection scheme reform.

European Mediterranean Seismological Center: A 5.3-magnitude earthquake hit the Balleny Islands area in southern New Zealand.

Royal Bank of Canada commented on OPEC + production cuts: Saudi Arabia has always kept its word in cutting production, so in July the country will actually cut production by 1 million barrels per day, almost two times the actual production cuts of OPEC + since October last year. times.

ANZ commented on OPEC+ production cuts: The possibility of a sharp rebound in oil prices has risen sharply, and the target price of Brent crude oil at the end of the year is maintained at $100 a barrel. In addition, price gains may be limited in the short term until there are signs of tightening in the spot market .

The Indonesian rupiah rose 0.7 percent against the dollar, outperforming other Asian currencies.

Indian e-commerce company Paytm’s merchant payment volume in April and May was US$32.1 billion, a year-on-year increase of 35%, and the average monthly transaction users were 92 million, a year-on-year increase of 24%.

Traders: Asian investment-grade dollar bond spreads tighten by at least 1 basis point.