General Sentiment

Asian shares were left a little mixed today, while U.S. markets remained closed. Markets focus on OPEC+ on and off talks over output, as some allies oppose supply curb decision.

The agenda for this upcoming week includes ISM non-manufacturing PMI later today from the U.S, The Federal Reserve Bank meeting minutes as well as G20 meetings on Friday.

Equities

On Wall Street, Stock futures held steady ahead of the US market open after hitting record highs last week. As Major indices soard after the release of the NFP job figures which were better than expected, lifting stocks. A little more focus will be on the S&P 500 as it held its 7th-day winning streak on Friday. 

Currency Market

The USD continued to retreat falling 0.28% to 92.15.

The sterling rose to 1 week high of $1.388 gaining 0.3% over-optimism that England will drop any covid related curbs from July 19.

The New Zealand dollar gained on strong business survey data in New Zealand that led to higher expectations of a rate hike. The NZD/USD rose 0.80% TO 0.708.

Commodities: Gold

Gold was up hovering near a 2 week high, at $1,797. On the back of a softer dollar and ahead of the FOMC meeting minutes

Commodities: Oil

Oil prices spiked on mixed expectations from investors on tightening supply from OPEC+ as they go back and forth with curb decisions.  Brent crude futures rose above the $77 mark while WTI futures also jumped 2.06% to $76.72