Westpac Sees Only 40 basis point RBA Rate Hike

🚨 🚨 #Australia: #Westpac forecasts a 40bp interest rate hike from the #RBA
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IMF: Dollar’s Dominance Is Shrinking

💵 💵 The dollar’s dominance is eroding in the face of non-traditional reserve currencies, IMF economists say
Point To Note: Currencies including the krona and won account for three-quarters of the shift from the greenback
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RBC: $13B Flowed Into Oil ETPs In May

🛢 🛢 #RBC: In May, a net total of about $13 billion flowed into exchange-traded products and other investment vehicles that buy #oil futures. Our preliminary index flow estimates for May 2022 point to yet #another #strong #month for flows
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Regeneron To Pay $1.1B For Cancer Drug Libtayo

🚨 🚨 #Regeneron Pharmaceuticals will pay fellow biotech company #Sanofi up to $1.1 billion for the worldwide exclusive license rights to #cancer drug #Libtayo
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BoC Turns Super Hawkish

🍁 🇨🇦 #Bank of #Canada’s Beaudry: Likely that BOC may need to #raise policy #rate to 3% or higher
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Brent Surges On Higher Inventories Draw

🛢 🛢 This Is Why #Brent #Surged $6 Per Barrel: Crude oil inventories see a draw of -5.068M vs -1.35M estimate
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Fed’s Mester: Need Ongoing Rate Hikes

🇺🇸 🇺🇸 Fed’s #Mester: Do #need #ongoing #rate #increases including 2x 50 BPs at the next two meetings
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Citi Not Ruling Out 75 Basis Point BoC Rate Hike

🇨🇦 🇨🇦 #Citi #not #ruling #out a 75bp Bank of Canada rate hike ahead – watching #inflation
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Asian Equities See $3.69B Of Outflows

🚨 🚨 #Overseas #investors withdrew $3.69 billion out of Asian equities. Note: The #outflows were the #smallest in the last five months
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