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Stocks in Asia are trading higher at the beginning of a new week. Nikkei gains 1.8%, Kospi adds 1.5% and S&P/ASX 200 traded 0.30% higher. Indices from China traded over 1% higher
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DAX futures point to a higher opening of the European session
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Fed symposium at Jackson Hole this week will be a fully virtual event instead of an in-person event
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Lockdown in New Zealand has been extended until Friday midnight as coronavirus case count continues to rise in the country. Prime MInister Adern also decided to suspend the parliament
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According to the Telegraph, UK Prime Minister Boris Johnson will ask US President Biden to delay withdrawal of US troops from Afghanistan
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PayPal will allow clients in the United Kingdom to buy, hold and sell cryptocurrencies
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Japanese manufacturing PMI index dropped from 53.0 pts to 52.4 pts in August (exp. 52.1 pts)
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Bitcoin tests $50,000 area after an overnight rally
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Gains can be spotted across commodity markets. Precious metals trade higher with platinum and palladium rallying around 2% each. Brent and WTI also gain 2% each while most industrial metals trade over 1% higher
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AUD and CAD are the best performing major currencies while JPY and CHF lag the most
Indices trade higher at the beginning of a new week. Announcement that Jackson Hole meeting will be held virtual has made investors believe that Fed will not use the event to announce anything major - like for example QE taper. US30 broke above the resistance zone at 35,150 pts and is approaching the next resistance area at 35,300 pts. Source: xStation5
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