-
Beginning of a new week is somewhat subdued on the global market. Moods weakened slightly after news of a new spike in Covid cases in China surfaced but no sell-off can be spotted. Liquidity during the day ahead is expected to be limited due to US holiday
-
Nikkei traded 0.8% higher, S&P/ASX 200 gained 1.1% while Kospi dropped 0.7%. Indices from China traded 0.2-0.8% higher
-
DAX futures point to a slightly higher opening of the European cash session
-
According to the Financial Times, ECB is considering blocking EU banks from a cheap loan scheme created during Covid-19 pandemic. Aim of the move is not to allow banks to profit from cheap loans while interest rates to consumers and businesses rise
-
Iran said that time and place of next nuclear talks is being finalized with the European Union
-
Financial Times reports that Biden administration is split over whether to remove Chinese tariffs or not
-
Coronavirus cases in northeastern regions of China are on the rise. Lingbi county imposed a lockdown while Si country started a mass testing
-
According to a Bloomberg report, Iran has further lowered prices for its crude in order to match prices offered by Russia. Iran struggles to sell its oil as US sanctions remain in place and its earlier buyers started to look towards discounted Russian commodity
-
Australian building permits increased 1.5% MoM in May (exp. -2.0% MoM)
-
Cryptocurrencies are pulling back on Monday. Bitcoin trades 0.9% lower, near the $19,000 mark. Ethereum drops 2% and tests $1,050 area
-
Brent and WTI trade around 0.5% higher. Gold gains 0.4%
-
AUD and NZD are the best performing major currencies while CAD and JPY lag the most
AUDJPY, an FX pair often seen as a risk barometer, is bouncing off the support zone marked with 50% retracement today. New spike in Covid cases in China led to only a brief deterioration in moods on the markets. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
