- News flow at the beginning of a new week was very light. Lack of further escalation in the Middle East put pressure on safe haven assets and supported equities
- Wall Street indices trade higher today - S&P 500 gains 1.1%, Dow Jones adds 1.0%, while Nasdaq and small-cap Russell jump 1.3% each
- European stock markets indices traded higher today - German DAX gained 0.64%, French CAC40 moved 0.22% higher, Dutch AEX jumped 0.76%, Spanish IBEX closed 1.5% higher and Polish WIG20 rallied 1.80%. Italian FTSE MIB was a laggard and dropped 0.58%
- UK FTSE 100 rallied over 1.6% today and closed at the highest level in history
- Precious metals are slumping today, with gold dropping around 2.4% and silver slumping over 5%. Gold is making the biggest single-day drop in 14 months!
- USDJPY jumped to a fresh 34-year high today, driven by JPY weakness. The pair is approaching 155.00 mark
- Oil traded lower in the first half of the day, losing as much as 1.7% at one point. However, declines have been mostly recovered and now Brent trades just 0.2% lower on the day
- Cryptocurrencies continue recovery move following Bitcoin halving that took place over the week. Bitcoin gains 3% and climbs back above $66,000 mark
- Cocoa prices moved sharply lower today, after climbing to new all-time highs above $11,500 per tonne on Friday. Cocoa price drops 6% and moves back below $11,000 mark
- People's Bank of China left 1- and 5-year loan rates unchanged today at 3.45% and 3.95%, respectively
- Tesla drops 3% as weekend announcement of price cuts to a number of EV models, makes investors question demand outlook for company's cars
USDJPY jumped above 154.75 resistance zone today and reach a fresh 34-year high! Source:xStation5
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