On Monday, US indices closed lower in the trading session for both the SP&500 and the Nasdaq. The Nasdaq may have been driven lower by a fatal accident involving a driverless Tesla. The Asian session, on the other hand, had a better day. The Japanese yen climbed to its highest levels since March.
In commodities markets, the Brent oil continued slightly higher at about $64 per barrel. Crude is higher by more than 30% in 2021 as investors expect the reopening of economies to cause an increase in consumption and use up all global inventories. A weaker dollar for the seventh session, also made commodities more appealing to investors. A year back today, West Texas Intermediate (WTI) faced an extraordinary challenge and closed at $37.63 a barrel. Gold futures for June delivery touched 1771.55 per ounce.
For today’s European session, watch out for changes in UK Claimant Count Change. The restrictions and confinements in the UK are not helping the nation’s economy to improve.
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