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Finland and Sweden set to submit NATO applications in historical move while Russia pulls back

Quiet session with US out on holiday

Slightly softer UK inflation data unlikely to settle the debate on BOE policy

Quiet session ahead of US CPI data and EU planned Brexit concessions

Nikkei rises amid various holidays in Asia

- 005380.KR Will temporarily halt production in the US due to chip shortages and maintenance – Yonhap. China/Hong Kong - 1211.HK Says it is talking to Xiaomi regarding auto partnership. Other - (SG) Singapore Central Bank (MAS) Survey: Economists see 2021 CPI at 1.4% (prior 0.9%); GDP at 6.5% (prior 5.8%). - (G7) G7 Communique: Agree need to continue support economies for as long as necessary, shifting focus towards job creation and infrastructure investment, once recovery is firmly established need to work on repairing public finances, generally agreed inflation was temporary. - (IQ) Iraq Oil Min Jabbar: Expect oil prices to be $68-75/bbl in second half of 2021 due to commitment to OPEC+ output cut - speaking from Baghdad International Book Fair.

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