Interest rate hike in Australia

News of the day, Tuesday, June 7

European shares slumped today as investors still worry about some depressing prospects of global economic growth this year. The pan-European STOXX 600 fell 0.4%.

The USD increased earlier today after a big rate hike in Australia. The Dollar index traded 0.2% lower today. One more reason for that may be a 3% soar of 10-year U.S. Treasury Yields.

Elon Musk warned Twitter on Monday that he might quit his $44 billion deal to acquire the social media company if it fails to prove the spam and fake accounts data. Twitter shares decreased by 1.5% immediately after the announcement.

Oil prices edged higher today on a demand recovery in China, as the COVID-19 lockdowns are expected to finish. Brent crude futures were up 0.2%, and WTI crude futures gained 0.3%.

The price of Brent crude is $119.80, WTI — $119.00, GBP/USD — 1.2518, EUR/USD — 1.0696, and gold costs $1844.30 per ounce.