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