The S&P 500 hits a new record high, shrugging off concerns about the spread of the Delta variant in the U.S. as the White House advances its vaccination drive. The head of the U.S. SEC has called on Congress to clamp down on the ‘Wild West’ of cryptocurrency markets. In autos news, Toyota sees net profit soar by 500 per cent and it reaffirms FY guidance. Service sector growth in China picked up last month but new outbreaks in the south of the country could undermine economic recovery. And oil prices remain steady despite reports of a potential tanker hijack by Iranian forces in the Gulf of Oman.

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