• 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

  • DAX futures point to a slightly lower opening of the European cash session
  • 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
  • US $1 trillion bipartisan infrastructure bill may pass voting in the Senate today or tomorrow
  • 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)
  • Chinese imports jumped 28.1% YoY in July (exp. 33% YoY) while exports were 19.3% YoY higher (exp. 20.8% YoY)
  • Jens Weidmann said that ECB will tighten policy if inflation outlook points to a sustainable rise
  • Bitcoin trades above $43,000, Ethereum topped $3,000
  • Oil drops around 2% while industrial metals trade mixed
  • EUR and NZD are the best performing major currencies while CAD and USD lag the most