- Wall Street will not operate normally on Monday as it is a US holiday.
- European stocks operate on the rise, Asian stocks close with strong rises.
- The dollar weakened with a climate of optimism, limited metals.
The markets throughout the world continue to rise at the start of the week, continuing in a better mood. On Monday the aid arrived from China with the expectation of an easing of the COVID restrictions.
all in green
Wall Street closed last week with significant gains and futures on Monday continue to advance. The S&P 500 rises 0.68% and the Nasdaq 1.23%. In Europe, the main markets advance by an average of 0.55%. In Asia, the Nikkei 225 gained 2.19%, and the Hang Seng 2.06%.
The good tone of last week remains in force and received a boost on Monday due to the expectation of announcements of less restrictions in China, which were imposed to curb COVID infections. Wall Street will not operate on Monday as it is a US holiday, which could reduce the volume of operations in the next ones. For the holiday there will be no presentation of results, nor references to the Treasury bond market.
Among the coins, the dollar is weakened by risk appetite and continues with the bearish correction. Treasury bond markets are closed on Monday. DXY falls for the third day in a row and is below 101.50, the lowest in a month. Among the currencies, the euro stands out on Monday, as the best in the G10 and rises in the previous inflation data from Germany.
Optimism also drives currencies emerging markets. Best on Monday is the Russian ruble, followed by the South Korean won. The Mexican peso reached the highest level since March 2020.
The metals rise on Monday but have trimmed gains. Gold hit a one-day high at $1864, but returned below $1855. Cryptocurrencies are also advancing. Bitcoin rises 4% and is at a two-week high above $30,600. Oil prices validate Friday’s gains with an average rise of 0.50%. The barrel of WTI it is at 115.75, in the zone of maximums since March.
Technical levels
Source: Fx Street
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