Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
European equities ascend, Dax reaches new all-time maximum
On Monday, European equities started moderately higher after four consecutive weeks of revenues, with Germany's Dax hitting a fresh maximum because concerns regarding the situation in Catalonia relieved after Sunday's protest against independence.
The pan-European STOXX 600 rallied 0.2% during early trade, the Dax gained 0.3%, thus demonstrating a fresh record of 12,997 points.
Meanwhile, Spain's IBEX managed to rebound 1%, with Caixabank acquiring 2% after its board decided to move its registered office to Valencia.
A modest rebound for the British pound that has been suffering from Theresa May's inability to maintain authority over her cabinet, applied pressure on the FTSE – the UK key benchmark slid 0.1%.
Credit Agricole slumped 0.8% after its CEO stressed it was considering joining the flock of potential suitors for Commerzbank.
Additionally, in France, Airbus appeared to be the top loser, going down 1.5%.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.