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

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Miguel A. Rodriguez
Miguel A. Rodriguez
06 July 2021
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

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.