Morning Minutes

Gold and Oil Active in an Otherwise Steady Start To The Week




Summer has arrived in North America and Europe, and for the most part, world markets are very quiet entering the last week of the month and the quarter. US index futures, the FTSE and Copper are all essentially flat this morning, with the Dax down 0.2%.

A weekend revolt by mercenaries Wagner Group in Russia appears to have quickly ended but seems to have increased some political uncertainty. In markets this has been most noticeable in gains by the prices of WTI Crude Oil, up 0.6% and Gold, up 0.5%.    

Cruise line Carnival is up 2.0% in premarket trading ahead of today’s earnings report. Other notables reporting results this week include Walgreens Boots on Tuesday and Nike on Thursday.

There are no major economic reports today. Tuesday brings Canada Consumer Price inflation plus US Durable Goods Orders, House Prices and New Home Sales. Friday wraps up the month with Chinese PMI numbers plus US Core PCE inflation and Chicago PMI.

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Colin Cieszynski, Chief Market Strategist

Colin Cieszynski, CFA, CMT
Chief Market Strategist
+1 (647) 282-4428

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