Pre-Market Report – Friday 20 June: US markets closed | Trump says he has a two week deadline

European markets fell overnight as the BoE held rates at 4.25% on persistent inflation concerns. The headline level not expected to fall below 3% for the rest of the year. The Middle East conflict was highlighted as new uncertainty with potential to raise energy prices and inflation in turn. The decision was expected. Not the hawkish commentary.

ASX set to fall. SPI futures down 23 points.

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