S&P 500: Moderate decline in futures, low volume due to US holiday.

• Wall Street futures in negative territory.
• No operations in the US for the holiday.
• The dollar falls, metals unchanged and cryptos recover.

The start of the week takes place in a context of low volatility and low volume as a result of the US holiday for Independence Day. The dollar falls and stocks rise in Europe, although futures on Wall Street fall.

good overall tone

Asian markets closed mostly in positive territory, even despite the news of the default of a Chinese developer. In Europe, the FTSE 100 gained 1.14%, the DAX 0.21% and the CAC 40 0.75%. S&P 500 futures lost 0.25% and Nasdaq futures lost 0.405.

The overall market tone remains cautious on fears of a further global slowdown. A sharp drop in the Eurozone Sentix Confidence Index was reported on Monday. Wholesale inflation in that region fell slightly, but remains at alarming levels.

The start of the week takes place in a context of some calm, which may be the product of the low volume due to the holiday in the US. Normal activity will return on Tuesday and the minutes of the last meeting of the Federal Reserve will be published on Wednesday . On Friday it will be the turn of the official employment report.

The metals are shown without significant changes on Monday. Gold trades around $1810 and silver at $19.80. On several platforms, operations in these assets will close earlier than usual due to the holiday.

The Treasury bond market does not trade on Monday. In Europe, yields are rising after two days of sharp declines. The German 10-year bond yielded 1.32%, after touching 1.16% on Friday.

among the coinsthe yen and the dollar They are among the worst performers. DXY is down 0.18%, remaining in the recent range. Cryptocurrencies rise, although Bitcoin remains below $20,000, facing negative pressure overall.

Technical levels