Demand for reverse repos jumped to a record high after the Federal Reserve decided to raise the overnight reverse repo rate. On Thursday, 68 market participants put $756 billion into the Fed through overnight reverse repos. This broke the previous record high of $584 billion, according to the New York Fed. Demand for the use of the Fed's reverse repo tool has been rising because of excess liquidity in the dollar financing market. The Fed's asset purchases and the Treasury's reduction of cash account balances are part of the reason for excess liquidity. 

Last week, initial jobless claims in US states rose slightly for the first time since late April, which may be temporary as the labour market improves as the economy resumes. Initial jobless claims rose 37000 to 412000 in the week ended June 12, according to data released by the Labor Department on Thursday. Economists surveyed by Bloomberg had a median forecast of 360000.

Iran says there are still fundamental differences among several major States parties on the issue of returning to the 2015 nuclear agreement. Iran urges the United States to correct past mistakes to advance the Vienna negotiations. Abbas Araghchi, Iran's deputy foreign minister and chief negotiator, echoed similar statements from France and Germany a day ago. 

Asked whether the ECB would discuss its bond-cutting plan at its September meeting, Philip Lane, the ECB's chief economist, said: "We may not be able to get all the hard data we want." "it's too early and unnecessary to talk about this," he said in a television interview with Bloomberg. "the September meeting is of course an important meeting, but there will be a lot of data throughout the fall." as time goes by, as we have more and more good news about vaccination and a continued decline in cases, it will not be too early or unnecessary to talk about it at some point.

The Japanese government is scheduled to end the epidemic emergency in Tokyo, Osaka and other areas on June 20, about a month before the opening of the Summer Olympic Games. Japanese Prime Minister Yoshiwei Suga said on Thursday that he would act quickly in the event of a new outbreak as he prepares for the opening of the Olympic Games on July 23. Suga Yiwei said that in addition to Tokyo and Osaka, the state of emergency in the other seven districts will also end on the same day. He said targeted restrictions in seven regions, including Tokyo, will remain until July 11.

The global shipping industry, already exhausted by the impact of the COVID-19 epidemic, has led to inflationary pressures and shipping delays, and is now facing a major test. At the end of May, Yantian Port, one of China's busiest ports, announced that it had suspended the reception of export heavy cabinets because of the epidemic, which was supposed to resume operation in a few days. However, with the continuation of the partial shutdown at Yantian Port, the flow of trade goods has been further affected, and record freight rates have also risen. 

MSCI CEO Henry Fernandez said at Clubhouse earlier this week that the company was considering launching a cryptocurrency asset index, Reuters reported. Fernandez did not provide details of which assets the index would focus on, nor did it provide a timetable. MSCI declined to comment further to Reuters.

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