Mixed beginning of the week for global markets - Monday Review, July 5

Mixed beginning of the week for global markets - Monday Review, July 5

European stocks lower amid OPEC+ meeting and a possible new deal in the grocery sector

The US

Markets were closed for Independence Day Holiday.

Crude oil traded 0.2% higher at $75.27 a barrel.

Gold rose 0.5% to $1,792.85 per ounce.

Asia and Australia

Equities were mostly higher after the release of a slew of economic metrics in the region.

HongKong45 inched up 0.03%.

Japan225 was down 0.59% after services PMI for June came in higher-than-expected at 48.

Down under, Australia200 edged up 0.15% with better-than-expected month-on-month growth of retail sales – 0.4%. Moreover, the Reserve Bank of Australia is due to hand down its policy decision on Tuesday.

Europe

Stocks edged lower, with investors keeping a close eye on the oil market, while the prospects of a bidding war for Morrisons sparked interest across the UK grocery sector.

Germany30 traded 0.6% lower, while France40 dropped 0.4%. UK100 fell 0.1%.

Brent oil rose 0.1% to $76.27 per barrel.

EUR/USD traded 01% higher at 1.1869.

Sources: investing.com, reuters.com

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