Morning wrap (02.07.2021)

8:46 am 2 July 2021

  • US indices finished yesterday's trading higher. S&P 500 gained 0.52%, Dow Jones moved 0.38% higher, Nasdaq added 0.13% and Russell 2000 gained 0.81%

  • Situation on the stock exchanges in Asia-Pacific is mixed. Equities from Australia and Japan gain while stock from China and South Korea drop

  • DAX futures point to a flat opening of the European session

  • OPEC+ meeting has been delayed from Thursday, July 1 to Friday, July 2 (today)

  • IMF Chief Georgieva said that vaccinating 50% of population significantly boosts economic performance of a country

  • Australia plans to halve the number of visitors from abroad amid concerns over Delta coronavirus variant

  • Singapore launched an investigation into local subsidiary of cryptocurrency exchange, Bianance

  • Precious metals gain. Oil trades mixed with WTI climbing and Brent moving lower. Industrial metals trade mixed as well

  • Bitcoin dropped below $33,000 mark

  • GBP and NZD are the best performing major currencies while CHF and JPY lag the most

OIL.WTI jumped yesterday after it was reported that Saudi Arabia and Russia reached a preliminary agreement that assume smaller-than-expected output hikes. However, crude gave back part of the gains as delay in OPEC+ meet hints at disagreements among members. Source: xStation5

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