• US indices rallied on Friday after Powell stuck to his dovish narrative. Small gains on the US futures can be spotted at the start of a new week
  • Bulls dominated during the Asian session. Nikkei and Kospi gained around 0.4%, S&P/ASX 200 moved 0.2% higher and majority of Chinese indices advanced
  • DAX futures point to a flat opening of the European session
  • Oil traders higher as most of the US oil production in the Gulf area has been halted due to hurricane Ida
  • According to Reuters report, US army intercepted 5 missiles fired at airport in Kabul, Afghanistan
  • Australian inventories increased 0.2% QoQ in Q2 2021 (exp. 1.1% QoQ)
  • Japanese retail sales increased 2.4% YoY in July (exp. 2.0% YoY)
  • New Zealand reported 53 new coronavirus cases, down from 81 and 83 reported on Saturday and Sunday, respectively. On the other hand, a record 1290 new cases were reported in Australian New South Wales region
  • Bitcoin dropped below $48,000
  • Precious metals trade lower with platinum being the only one that trades slightly above Friday’s close
  • Oil and industrial metals gain. Agricultural commodities trade mixed
  • EUR and JPY are the best performing major currencies while AUD and NZD lag the most