On Friday, U.S. data showed a smaller-than-expected 0.4%increase in April retail sales from the previous month, while a disappointing report on consumer prices raised concerns about the retail sector and the broader economy.
As a result, the Dollar started the week on the defensive. Nevertheless, The Federal Reserve is widely expected to raise interest rates at its meeting next month.
Crude Oil June 1.71% to $48.66 a barrel, while Brent Oil soared 1.59% to $51.65 a barrel, after Saudi Arabia and Russia said they agreed on the need to extend output cuts into March next year
Gold prices rallied 0.2 percent to $1,231.24 an ounce, extending Friday’s 0.3 percent gain after North Korea fired yet another missile on Saturday.
Stock markets shrugged off the threat from N. Korea, and continued marching higher, despite also the risk of a cyberattack again this Monday. US equities ended the week softer, with the S&P 500 down 0.2%. European stocks performed a bit better, with the DAX closing up 0.5%, FTSE 100 up 0.7% and the CAC 40 up 0.4%.
Not many economic data and events scheduled for today and all with low to medium volatility risks associated.