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US indices finished yesterday’s trading mixed. Dow Jones gained 0.31%, S&P 500 added 0.26%, Nasdaq dropped 0.20% and Russell 2000 moved 0.89% lower
- Stocks in Asia are trading lower. Nikkei drops 0.1%, S&P/ASX 200 trades almost 1% lower and Kospi moves 0.7% lower. Indices from China also decline
- DAX futures point to a lower opening of the European session
- US President Biden defended his decision to withdraw US troops from Afghanistan saying that US soldiers cannot die in a war that even Afghans do not want to fight in
- NZD is trading lower against other major currencies. New Zealand currency began underperforming after the country reported the first locally transmitted Covid-19 case since February
- According to RBA minutes, Covid remains the main source of uncertainty and recent outbreaks have halted economic recovery
- Fed’s Rosengren said that a strong jobs report for August would support the taper announcement in September. He also said that he prefers to began taper no later than December 2021
- China Securities Journal reported that People Bank of China may cut reserve requirement ratio by 50 basis points in Q4 2021
- Bitcoin trades near $46,000 mark
- Precious metals trade higher, oil trades flat while industrial metals trade mixed
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