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Daily Market Brief

16 Aug,2021
Daily Market Brief

General Sentiment


Asian shares dropped this morning after Chinese data showed a sharp slowdown in retail sales, industrial production, and fixed asset investment figures. This goes back to the Delta variant.

The unemployment rate from China also rose to miss the 5.0% forecast.

Equities


On Wall Street, the 3 major indices closed to record highs despite, U.S. Consumer sentiment dropping to its lowest level since 2011. A climb in Walt Disney shares (NYSE:DIS) by 1.00% gave a major boost to the dow. As the streaming service added more customers than expected.

Currency market


The dollar dropped this morning as well in the Asian session, hovering next to its 1 week low. The USD inched down 0.02% to 92.49.

The USD/JPY fell 0.19% to 109.36

The GBP/USD rose 0.02% to 1.386

Commodities: Gold


Gold fell but remained near 1 week high after U.S. consumer sentiment figures sharply dropped. Gold prices fell 0.04% $1,777.

Commodities: Oil


Oil prices fell more than 1% on Monday, dropping for a third session, on the back of the Delta variant. Brent fell 75 cents to $69.84 while WTI fell 1.1% to $67.68.

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