Monday 5 July 2021

Check out the news that happened over the weekend

 1️⃣ The main news last weekend

 Nonfarm payrolls in the United States in June posted its biggest growth in 10 months, and the unemployment rate rose slightly to 5.9%.  Employment data lowers Fed expectations and US certificates hit record levels.

 - US trade deficit widened to second highest on record in May, imports grew faster than exports.

 - The OPEC+ ministerial meeting was still unsuccessful to reach an agreement last Friday, because the UAE is still responding to the proposal to increase production, the talks will continue on Monday.

 - San Francisco Federal Reserve President Daly said in an interview with the Associated Press that the conditions for downsizing could be reached later this year.

 - A senior US State Department official said that negotiations to join the EU and the Balkan countries have stalled.

 - Global production of Tesla in the II vehicles is a record high of 201,250 vehicles, lower than the 204,160 vehicles estimated by Bloomberg surveyors.

 - Nikkei News Quoting people familiar with the matter, the Tokyo Olympic Organizing Committee is considering holding the opening ceremony of the Olympic Games without tampering in place.


 2️⃣ Notable events and data today

 - China's Caixin Services PMI in June.

 - The final value of the services sector PMI in the Eurozone in June.

 - The Sentix Investor Confidence Index in the Eurozone in July and the UK Services PMI in June.

 - OPEC + will continue to meet at the ministerial level to discuss policies to increase crude oil production.

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