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Stocks in Asia are trading mostly higher. Nikkei gains 0.3%, S&P/ASX 200 trades 0.1% higher while Kospi trades flat. Indices from China gain
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DAX futures point to a slightly lower opening of the European cash session
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Gold experienced a small flash crash after US futures markets opened after the week. Precious metal plunged around $80 per ounce, to $1,680. However, most of the drop has been recovered already
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US $1 trillion bipartisan infrastructure bill may pass voting in the Senate today or tomorrow
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Chinese CPI inflation decelerated from 1.1% to 1.0% YoY in July (exp. 0.8% YoY). PPI inflation accelerated from 8.8 to 9.0% YoY (exp. 8.9% YoY)
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Chinese imports jumped 28.1% YoY in July (exp. 33% YoY) while exports were 19.3% YoY higher (exp. 20.8% YoY)
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Jens Weidmann said that ECB will tighten policy if inflation outlook points to a sustainable rise
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Bitcoin trades above $43,000, Ethereum topped $3,000
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Oil drops around 2% while industrial metals trade mixed
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EUR and NZD are the best performing major currencies while CAD and USD lag the most
Gold experienced a small flash crash shortly after opening of futures markets today. Precious metal plunged over 4% and tested $1,680 area. Move is reasoned with forced liquidation. However, much of the drop has been recovered already. Source: xStation5
