Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.05 per cent to 90.27. After Friday s worse-than-expected U.S. employment data, the Bloomberg Dollar Spot Index slumped definitively out of its 2021 uptrend and is back to little changed for the year.
Iron ore is hot in more ways than one as futures leaped 10% in Singapore amid rampant Chinese demand and a surge in commodities. Market reaction to this news was bifurcated: Buy safety assets – bonds, gold, Bitcoin (?) Gold spiked.. Bitcoin jumped $2400 (not sure why this might be considered a safe haven by some).
Global oil benchmark Brent crude futures rose 0.51 per cent to $68.63 per barrel. Pipeline HackCrude oil and gasoline rose at the start of the week after a cyberattack put the largest oil-products pipeline in the U.S. out of action. Meanwhile, international oil benchmark Brent crude was trading 0.44 per cent higher at $68.58 per barrel.
The Capital Spectator has been quoted by a range of news organizations, including The Wall Street Journal, Reuters and others. More cash for young UBS bankers.
The EU will start trials of its vaccine certificate system today, ahead of a targeted June rollout. Nikos Chrysoloras and Viktoria DendrinouWhat s HappeningReluctant Recovery | EU lawmakers will discuss progress in deploying recovery funds with economy chiefs Valdis Dombrovskis and Paolo Gentiloni. German Elections | Chancellor Angela Merkel s conservatives slipped to an all-time low in a poll published Sunday, while the Green party stayed in the lead. Merkel’s bloc plummets in polls.0