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Stocks in Asia traded mixed at the beginning of a new week. Nikkei and indices from China dropped while Kospi and S&P/ASX 200 gained
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DAX futures point to a slightly lower opening of the European session
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OPEC+ failed to reach an agreement on output on Friday. Talks will resume today
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ECB member Knot said that coronavirus support should start to be withdrawn in May 2022
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German Economy Minister Altmaier said he does not support idea of issuing joint EU debt to finance €750 billion recovery fund
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According to media reports, Fed Chair Powell met with Coinbase CEO in May
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Australian retail sales increased 0.4% MoM in May (exp. 0.1% MoM). Building approvals in Australia were 7.1% MoM lower in May (exp -5% MoM)
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Chinese Caixin/Markit services PMI index dropped in June from 55.1 to 50.3 pts (exp. 54.8)
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Precious metals, oil and industrial metals trade higher on Monday. Agricultural good trade mixed
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Bitcoin trades near $34,000 mark
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EUR and USD are the best performing major currencies while NZD and CAD lag the most
Following 2 weeks of sideways trading near 200-session moving average, SILVER looks to have finally caught a bid. Precious metals rallied on Friday and the move is being continued today. Key resistance zone to watch can be found at $28.00 per ounce. Source: xStation5
