Happy Monday, dear traders! Hope your weekend was restful and pleasant so the new trading week will be productive and profitable! Let’s look through some market news:
🚀SpaceX's Starlink satellite Internet network now operates on all continents of the Earth, Elon Musk said. Starlink can provide traffic speeds of 1 gigabit per second.
🇬🇧🇯🇵Markets in the UK and Japan are closed. Japan has the holiday, and the UK has the funeral of Queen Elizabeth II.
💰Indian tycoon Gautam Adani has overtaken Jeff Bezos as the second richest person in the world.
☢️Cryptocurrencies have also fallen due to the upcoming Fed’s meeting. Bitcoin fell below $19,000 while Ethereum continued its decline following its blockchain update last week.
🇨🇳China's zero Covid-19 tolerance is draining local government coffers, posing a new threat to the economy and bond investors. The finances of nearly half of the 60 county and district governments are so limited that they are exposed to "operational risks".
🛢Oil fell as the dollar strengthened ahead of this week's central bank meetings, which are expected to tighten monetary policy further. XBRUSD is $89.
Have a nice day ❤️
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