The use of the Fed's overnight reverse repurchase tool hit an all-time high on Tuesday. 74 institutions participated, totaling $841.2 billion, up from $803 billion on Monday and up from a previous all-time high of $813.6 billion on June 23. The Fed pays an interest rate of 0.05% against the repo agreement overnight, helping to temporarily reduce the reserve balance of the banking system. 

As public views on the economy and the job market became more optimistic, the US consumer confidence index rose more than expected in June and hit its highest level since the epidemic. The World Association of large Enterprises consumer confidence index released on Tuesday rose to 127.3 from a revised 120th in May. The median forecast by economists surveyed by Bloomberg was 119. Consumers also expect inflation to rise in the coming year. Optimism about the economy and the labor market is rising as more vaccinations urgently reopen big states, including California and New York.

Us house prices rose the most in more than 30 years in April. Nationwide, the s & p CoreLogic case-Schiller real estate value index rose 14.6% from a year earlier, the biggest increase since 1988 and the 11th month in a row that house prices accelerated, according to data released on Tuesday. The increase in March was 13.2%. Meanwhile, house prices in 20 u.s. cities jumped 14.9%, the biggest increase since 2005, and exceeded the median expected by Bloomberg economists surveyed by Bloomberg. 

U.S. president Joe Biden vowed on Tuesday to keep up the pressure on Congress until it passes a bipartisan infrastructure deal and a larger tax and spending bill to advance his other governing agenda. "I will continue to fight for the American people until this work is done," Biden said during a visit to a transportation facility in La Crosse, Wisconsin. "until we harvest this bipartisan agreement. Until our infrastructure needs are met. Until we have a fairer tax system to bear all this. "

According to delegates, OPEC+ postponed the meeting of the Joint Ministerial Supervisory Committee by one day to give countries more time to resolve their differences. As global demand rebounds from the impact of the epidemic, OPEC+, led by Saudi Arabia and Russia, is considering whether to continue to restore more crude oil supplies. Russia is considering a proposal to increase production, but Riyadh hinted that it would prefer gradual and orderly progress. OPEC+ was scheduled to hold a joint ministerial oversight committee meeting on Wednesday. It will now be changed to Thursday, the same day as the ministerial meeting. 

Russia will develop a prototype platform by December and test the digital ruble in January 2022, the central bank said in a statement on its website. The groups participating in the experiment include state-owned and private banks, such as Sberbank, VTB, Alfa-Bank and Tinkoff Bank.

The eurozone's index of economic confidence rose to its highest level in more than 20 years in June as shops, restaurants and other services reopened to lift the economy out of the haze of the epidemic. The Eurozone economic confidence index released by the European Commission rose to 117.9, exceeding the expectations of almost all economists surveyed by Bloomberg. Upsurge in optimism in the service sector contributed to this growth, but industry, retail trade and construction also improved. With the decline in infection rates and the lifting of restrictions on epidemic prevention, the economy of the region is rebounding rapidly. 

Bitcoin remained strong in a series of negative news and rose for the third day in a row, boosting bulls' confidence. The largest cryptocurrency has risen more than its 20-day moving average, a positive sign for those counting on it to regain its upward momentum. Bitcoin rose as much as 5 per cent to $36422 in New York on Tuesday. For many chart analysts, the next key level to watch is the 50-day moving average, which is currently around $38221. If Bitcoin succeeds in breaking this level, it could move towards $40,000 again.

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