In Hong Kong, stocks strengthened in the sixth session in a row, closing at the fresh two-year highs, amid strong data on economic growth in China. The Hang Seng Index rose 0.3%. In China, the Shanghai Composite Index fell by -1.4% amid concerns over the effects of the weekend meeting, where President Xi Jinping indicated that PBoC will play a more significant role in protecting against risks. In Europe, most indices lost early growth and are traded mostly lower. Corporate reporting remains the main topic throughout the week. Futures on US indices traded slightly in the green zone, but the opening Wall-Street is likely to take place in the green zone. In the run-up to the opening of US markets, oil is trading higher, as the slowdown in drilling rigs in the United States has weakened concern that rising supplies of oil shale undermine cuts made by OPEC. The Baker Hughes Friday report showed that American drillers added two oil rigs last week until July 14, bringing the total number of rigs to 765. The US dollar continues to rise and is at its 10-month lows against major currency pairs, as investors cheer optimistic Chinese data. The growth of industrial production and retail sales, the two key drivers of the economy exceeded expectations, while GDP for the second quarter grew by 6.9% compared with the same period last year GBP / USD is below the psychological level of 1.31, which is 0, 3% below 1.3066 pounds sterling. EUR / USD is trading slightly lower at 1.1450 euros, as data on inflation in the eurozone this morning supports the argument in favor of a stable ECB policy this week.

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