- US futures trade slightly above Friday's closing prices
- Mixed sentiment prevails in Asia. Nikkei fell 0.40%, S & P / ASX 200 added 0.05% and Kospi jumped 0.33%. Indices from China struggled to find common direction
- DAX futures point to a higher opening of the European cash session
- China Evergrande shares also plunged after the company said there was no guarantee it would have enough funds to meet debt repayments
- IMF urged the Fed on Friday to tighten monetary policy at a faster pace in light of rising inflation risks
- Virologists believe that new Omicron variant is more transmissible, however there are some signs that infections are less severe
- PBOC could lower the reserve requirement ratio in December according to the China Securities Daily
- Job advertisements in Australia rose by 7.4% month-over-month in November, after a 6.2% gain in the prior month.
- Cryptocurrencies took a massive hit over the weekend. Bitcoin broke below $42,000 and Ethereum tested $3500 level, however majority of losses has been erased
- Oil is moving higher, while precious metals prices fell slightly
- AUD and CAD are the best performing majors. CHF and EUR lag the most
ETHEREUM plunged over the weekend, however sellers failed to break below $3500 and price quickly rebounded above psychological $4000 level. Source: xStation5
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