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Stocks in Asia are trading higher. Nikkei gains 0.6% while Kospi addes 0.1%. Traders from China and Australia were off for holidays
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DAX futures point to a slight higher opening of the European session
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G7 leaders called for an investigation into the origins of Covid-19. G7 also agreed on "Build Back Better World" initiative that will compete with China's "Belt and Road" project
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UK decided to delay lifting lockdown by 4 weeks
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ECB President Lagarde said its too early to talk about ending PEPP purchases. Lagarde expects EU economy to be back to pre-pandemic levels by Q1 2022
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Iraqi oil minister said that he sees oil price at $68-75 per barrel in the second half of 2021 if OPEC upholds production limits
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Hyundai Motor will halt production at factory in Alabama for 3 weeks due to chip shortages
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US President Biden will meet with Russian President Putin on Wednesday in Geneva
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Japan industrial production increased 15.8% YoY in April (exp. 15.4% YoY)
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Bitcoin surged above $39,000 after Elon Musk hinted that Tesla may resume accepting cryptocurrency payments
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Precious and industrial metals trade lower. Oil gains. Agricultural goods drop
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AUD and NZD are the best performing major currencies while JPY and CHF lag the most
Bitcoin rallied after Elon Musk said that Tesla may resume accepting cryptocurrency payments. The coin jumped above the $39,000 mark and is testing the resistance zone ranging below $40,000 handle. Source: xStation5
