Stocks reverse from the highest levels in 2019

Friday trading started in great moods as investors hoped for extension of trade negotiations and the German DE30 flirted with 11500 points for the first time since 3 December. However, these gains are evaporating during the afternoon trade as there are some concerns that US may announce auto tariffs in the near future. DE30 is currently testing a medium-term downtrend line.

Chart of the day - GBPJPY (02.08.2021)
Economic calendar: Manufacturing ISM, PMI revisions
Morning wrap (02.08.2021)
Daily summary: Wall Street slips on Amazon earnings and rising PCE price index
Pinterest stock fell 20% as company misses on user growth
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