As the focus shifts to manufacturing data, global stocks extend their return and add oil

Global stocks gained strong gains on Monday as attention shifted to future production data as fears of a slowdown in Delta alternatives slowed global economic recovery.

Among U.S. stocks, futures linked to the S&P 500 gained 0.33%, Dow Jones’ futures gained 0.43%, and Nassak’s futures rose 0.27% as of 6:30 a.m. Monday. Oil futures were also taking some of last week’s losses.

According to Jones Hopkins, the global distribution of COVID-19 delta is still a nerve-wracking one as global issues increase for the ninth week. Outbreaks appear to be exacerbated over the weekend in Australia, with widespread outbreaks in New Zealand over the weekend.

As recent storms threaten economic recovery, investors are looking at preliminary data on monthly production activity in several countries on Monday. Japan and Australia PMI data show contract during most of the CVD-19 cases. US Flash Purchase Managers Information August / August

Major Asian stock markets closed Monday after China rebounded last week after declaring a new coronavirus issue for the first time since July. Shanghai’s inflation rose 1.45%, and the Hong Kong Hang Sing index rose 1.07%. Tokyo’s Nikki 225 is up 1.78%.

Oil rebounded last week’s losses along with other commodities in weak US dollars. Analysts point out that investors are looking forward to the September 1 OPEC meeting.

Prior to the recent sale, the market is likely to focus on this meeting, with the production policy set for the end of the year. However, with the recent weakening of prices, the market is looking forward to seeing it now. The group has decided to delay in order to reduce some of the reductions, ”ING analysts said in a statement.

Brent crude rose $ 66.72 per barrel, 3.04%, and WTI crude rose $ 2.99% to $ 64.00 per barrel.

The focus will be on the Federal Reserve Symposium at Jackson Hall, which is expected to begin on Thursday. Chairman Jerome Paul is scheduled to speak on Friday.

“The big question is what can Paul say about the potential timeline when the federation starts ruining their acquisitions,” analysts at Deutsche Bank said. Our American Economists Friday’s speech on Friday reflects the FOMC meeting in July, as well as his comments on the press release within minutes, and does not expect a strong signal in connection with the federation’s next meeting. In September ”

Cryptocurrencies went up over the weekend, and bitcoin raised its $ 50,000 psychological mark on Sunday for the first time in three months. Bitcoin traded at $ 50,120.60 per penny, up 1.67% on Monday from 24:42 a.m. Monday.

European markets rose early Monday. London’s FTSE 100 rose 0.5%, the Frankfurt DAX gained 0.25%, and the Euro Stoke 50 rose 0.64%. Integrated Results Monday, pre-production and service data across Europe was killed.

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