Indices from Asia-Pacific traded higher at the start of a new week. Nikkei gained 0.6%, Kospi added 0.4% and indices from China traded up to 2% higher. S&P/ASX 200 was a laggard and dropped 0.5%

DAX futures point to a higher opening of today’s European cash session

Pandemic situation in China continues to improve. Indoor dining will be allowed in Beijing starting from today while traffic bans will be remove in most areas of the city

US President Biden is expected to sign executive order to boost domestic production of solar panels and other clean energy project

Rebels in the Conservative party are expected to launch a no confidence vote in UK Prime Minister Boris Johnson

EU is reportedly readying the seventh package of sanctions against Russia

Oil is trading higher at the beginning of a new week after Saudi Aramco increased prices for Asian  delivery by more than expected. Prices for European customers were also increased but in-line with expectations. Prices for US deliveries were left unchanged

United States will allowed Italian Eni and Spanish Repsol to purchase Venezualan oil without breaching sanctions

The largest oil field in Libya resumed operations after it was shut down since April due to protests. Oil production at the field is around 300k bpd

EU Commissioner Gentiloni said that EU members will be allowed to use funds from post-pandemic recovery fund to increase their LNG capacity

North Korea fired 8 ballistic missiles into the East Sea on Sunday. South Korea responded by firing 8 of its own ballistic missiles into the East Sea

Cryptocurrencies trade higher. Bitcoin rallies 4% while Ethereum trades 3.2% higher

Precious metals advance. Palladium is a top performer, gaining 3.2%, followed by silver with a 1.4% gain

JPY and EUR are the best performing major currencies while AUD and NZD lag the most

Oil recovered from a recent pullback and trades at the highest level in almost 3 months. WTI (OIL.WTI) climbed above $120 per barrel but halted advance in the $121 area later on, slightly below the upper limit of the upward channel.