Morning wrap (02.07.2021)

• 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