Falling stocks in various sectors led to declines in the broader market

Falling stock indices may increase the demand for gold, as the gold price is closely linked to inflation expectations and also depends on the US Treasuries yields.

WTI crude oil futures prices fell during Monday’s US session. On Monday, Colonial Pipeline said that it intends to resume operations on a full-scale basis by the end of the week, but some producers have already cut production. With India’s weekly average COVID-19 reaching a new high, all this could put pressure on demand for “black gold”.

Japan’s Nikkei Index fell by -2.8%, while the broadest Asia-Pacific Stock Index MSCI fell by -1.7%, it’s the biggest drop since late March.

S&P 500 (F) 4,188.43 -44.17 (-1.04%)

Dow Jones 34,742.82 -34.94 (-0.1%)

DAX 15,400.41 +0.76 (+0.01%)

FTSE 100 7,123.68 -6.03 (-0.09%)

USD Index 90.27 -0.04 (-0.04%)

News feed for: 2023.07.04

China Consumer Price Index (m/m) at 04:30 (GMT+3);
China Producer Price Index (m/m) at 04:30 (GMT+3);
Europe ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
Australia Annual Budget Release (y/y) at 12:30 (GMT+3);
UK BOE Governor Andrew Bailey Speaks at 17:30 (GMT+3).

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.