Chapter 4 Five things you need to know today - 06/09/2022
US indices are in a ranging movement after an early close for the Labor Day holiday. European indices are still under pressure on concerns about of energy crisis as Russia halted the gas flow through Nord Stream 1 pipeline.
Brent jumped nearly 2% as OPEC+ is set to cut production by 100,000 BPD from October. WTI edged higher to $89.3. Gold was slightly lower at $1,710.
The US dollar index was little changed at 109.32. ISM service PMI for August is scheduled for release today.
EUR broke below 0.99, with Eurozone service PMI numbers revised lower. The GBP slightly rebounded above its 1.15 levels. after Liz Truss was elected the new UK’s PM.
Stock News:
Lufthansa pilots will strike again this week escalating a wage dispute, and further pressuring the price of the German stock.11909:56
