US futures are attempting to bounce back from yesterday’s losses on Wall Street led by Tech, as attention turns to Kevin Warsh's first Fed decision. As of 8:00am ET, Nasdaq 100 futures lead the charge, with gains of 0.5% versus 0.1% for the S&P 500 future, although both are off session highs. SpaceX’s post-IPO surge continues, with shares adding another 3% in the pre-market. The Stoxx 600 is up 0.2%, while the MSCI APAC Index gained 0.5% in mixed trade for regional bourses.

DATA & FIGURES

Key numbers from the source include 0.5% gains for Nasdaq 100 futures, 0.1% for S&P 500 futures, and 3% for SpaceX shares in pre-market trading. The Stoxx 600 is up 0.2%, while the MSCI APAC Index gained 0.5%. US yields are down 1bp, with the 10-year around 4.435%. Bitcoin is down 1.3%, and WTI crude futures are little changed around $76/bbl.

THE SCENARIO

The geopolitical, economic, or regulatory context is centered around Kevin Warsh's first Fed decision, with investors awaiting the Federal Reserve’s first policy decision under the new chairman. The US and Iran are preparing to formally sign a memorandum of understanding on June 19 in Switzerland, which may impact oil prices and inflation pressures.

DIRECT QUOTE

"Warsh faces a formidable challenge, striking a balance between President Trump’s desire for lower rates and signalling to the market that he is a credible and independent Fed chair," — Wolf von Rotberg, Bank J Safra Sarasin equity strategist

BBN INSIGHT

The news is purely geopolitical and lacks direct crypto relevance, so the insight will focus on macro-economic stability. The Fed's decision under Kevin Warsh's leadership will be crucial in determining the direction of interest rates and inflation pressures.

MARKET REACTION

US futures are attempting to bounce back from yesterday’s losses, with Nasdaq 100 futures leading the charge. SpaceX shares are poised for a fourth straight day of gains, rising 3.1% in pre-market trading. Bitcoin is down 1.3%, and WTI crude futures are little changed around $76/bbl.