Global economic growth may slow down due to the rapid spread of delta strain. Investors are concerned

Oil is rising in price again. The US oil inventories decreased by 6.87 million barrels to 445.48 million barrels last week. This is the lowest value since February 2020 and it has been declining for the seventh week in a row. Fuel prices will continue to rise due to the supply deficit in the market.

Gold corrected slightly yesterday. This drop was caused by a short-period rise in government bond yields. In general, the fundamental picture on precious metals remains unchanged. Analysts expect the gold and silver prices to grow.

China’s consumer price index, one of the main indicators of inflation, increased by 1.1% on a year-on-year basis in June. The figure is lower than the 1.3% increase in the previous month. Japan declared a state of emergency in the suburbs of Tokyo, just before the Summer Olympics. It also became known that the Tokyo Olympics will take place without spectators. The three-week lockdown in Sydney may be extended. Hundreds of additional police officers are patrolling areas of Sydney to ensure the fulfillment of city shutdown orders imposed to eradicate an outbreak of the highly contagious Delta strain. South Korea has reported 1,316 new cases of COVID-19 infection - a new record. Severe restrictions (up to the maximum) have been imposed in Seoul and the suburbs since Monday.

S&P 500 (F) 4,320.82 -37.31 (-0.86%)

Dow Jones 34,421.93 -259.86 (-0.75%)

DAX 15,420.61 -272.07 (-1.73%)

FTSE 100 7,030.66 -120.36 (-1.68%)

USD Index 92.37 -0.27 (-0.29%)

News feed for: 2023.07.04

China Consumer Price Index (m/m) at 04:30 (GMT+3);
UK GDP (m/m, q/q) at 09:00 (GMT+3);
UK BoE Gov Andrew Bailey’s Speech at 13:00 (GMT+3);
ECB President Christine Lagarde’s Speech at 13:00 (GMT+3);
Canada Employment Change (m/m) at 15:30 (GMT+3);
Canada Unemployment Rate (m/m) at 15:30 (GMT+3);
G20 meeting (First day).

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.