General Sentiment

Global shares rebound to record highs on rising consumer confidence data. That jumped to a multi-year top, spurring out labor market optimism. Correcting sentiment and easing fears about higher inflation.

Sentiment also improved after Moderna said that its covid vaccine has protective antibodies against the new delta variant.

Elsewhere, Market's lowkey awaits the organization for economic co-operation and development meeting in Paris later today to finalize the global minimum corporate taxation. ECB president Christine Lagarde will be speaking on Friday.

Equities

On Wall Street, Consumer confidence figures lift the Nasdaq to its highest record. While all major indices closed in the green, set for their fifth straight quarter of gains. Yesterday's top gainers were Morgan Stanley jumping 3.4% shortly after it doubled its dividend to 70 cents per share. Other financial giants also gained, including JPM-JP Morgan and GS-Goldman Sachs. 

Moderna on the other hand jumped 5.2% a record high after the vaccine proved capable of fighting against the new covid strain.

Currency Market

The dollar index eased from its one-week high hit in the previous session to levels of 92.03.

The USD/CNY inched down to 6.45 after mixed manufacturing data from China.

The GBP/USD paused at 1.385.

The Euro touched its 2 and half month lows at $1.189.

Commodities: Gold

Gold headed for its worst monthly drop since 2016. The yellow metal was down 0.26% to trade around $1,758. Gold prices seem to still be struggling since the feds hawkish tone of raising rates.

Commodities: Oil

Oil was up ahead of OPEC+ meeting delayed production policy talks. Brent rose 0.61% to $74.73 while WTI rose 0.69% to $73.48.