6th July 2021 Morning Report

Tuesday 6th July 2021

World stocks stayed close to record highs on Monday as investors balanced surging European business activity and a positive U.S. jobs report against concerns about the highly transmissible Delta Covid variant. Trading was thinner than usual with U.S. markets closed for the extended 4th of July weekend.

The European STOXX index of 600 large corporates was 0.3% higher, businesses expansion in June reached the fastest growth rate in 15 years. Britain’s FTSE was up 0.5%.

In Asia, the Nikkei fell 0.6% following COVID-19 angst as following a surge in infections in Tokyo. MSCI’s broadest index of Asia-Pacific shares excluding Japan was flat.

Gold was up 0.3% to $1,791.29 an ounce. Brent crude increased 0.2% to $76.32 a barrel, and U.S. crude gained 0.2% to $75.31 a barrel.

Morning Report 6 July 2021

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