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.