U.S. Equity Markets rose ahead of the start of earnings season, with both the S&P and NASDAQ 100 again closing at new all-time highs. The Dow led yesterday’s rally, closing higher by 0.38%. Markets opened lower before rebounding throughout the day. Federal Reserve Bank of New York released its Consumer Expectations survey, showing that 12-month inflation expectations are at the highest level since the survey began in 2013. Vaccine news was positive, as National Institute of Allergies and Infectious Diseases Director Dr. Anthony Fauci said he is certain current COVID-19 vaccines will receive full Food & Drug Administration approval given the positive data. Infrastructure garnered some headlines, as the Senate returned from a recess with lots of work to do before its next recess in August. Overall, there was not a lot of news moving markets. All eyes are on the rest of the week. Earnings season kicks off today, with reports from the big banks. Quarterly Reports will be the big catalyst for markets in the coming weeks. However, European Markets closed lower. European Central Bank President Christine Lagarde said next week’s policy meeting will introduce a new framework to provide continued support for the regional economy. British Prime Minister Boris Johnson said the government is very close to easing many of its COVID-19-related social-distancing restrictions but urged continued public caution. A survey from advisory firm BDO showed that British Business Confidence has risen to the highest level since 2005, as companies prepare for the lifting of coronavirus restrictions. In Asia, People’s Bank of China adviser Wang Yiming said the recent Reserve Ratio cut should ensure the financial system has ample liquidity. China’s Ministry of Commerce accused the U.S. of “unreasonable suppression” of its companies and undermining international trade rules after 23 entities were added to the White House’s blacklist. The Bank of Japan is expected to lower its growth outlook for this year and maintain current economic support when it holds its policy meeting later this week. The Korea Disease Control and Prevention Agency said the highest level coronavirus related social-distancing restrictions will go into effect in Seoul to try and curb a recent rise. Elsewhere, Oil fell 0.52% on increased fears surrounding how the Delta variant could impact global growth, while Bitcoin closed 4% lower on little news.

To mark my 2350th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 40 points yesterday and is now ahead by 760 points for July after making 1366 points in June, 1439 points in May, 1244 points in April, having ended March with an impressive gain of 3769 points, 3286 points in February, 2077 points in January, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September and 2383 points in August. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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