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Wealth Daily 21 June 2022

WEALTH DAILY 2022-06-21
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US financial markets were close on Mon for a public holiday and will resume trading later today (Tue). Wall Street seems poised to at least partly rebound from last week’s brutal selling. US equities futures have gained more than 1% this morning (Tue). Last week, the Dow Jones Industrial average slid 4.8%, falling below 30,000 for the first time since Jan 2021. 

Canadian equities surged Mon, as energy and bank stocks led a broad rally. The S&P/TSX Composite closed up 1.34% at 19,183.63, its biggest rally since Jun 2. 

In Europe, the UK FTSE gained 1.5%, France's CAC 40 rose 0.64%, while the German DAX advanced 1.06%. Renault (RNO FP) gained 9.74% on Mon after Jefferies upgraded Renault to “buy” from “hold, according to CNBC. 

The front-month Brent futures closed up $1.01 at US$114.13/bbl on Mon. 

Elsewhere, Bitcoin held above $20,000 after a turbulent period for cryptocurrencies.