Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Indian stocks are likely to open firm following a strong GDP growth report released after Friday’s market close. Yet, bulls will remain cautious due to concerns over US tariffs and their drag on the economy. The meeting between the Indian Prime Minister and China’s President Xi Jinping over the weekend will put the spotlight on companies with exposure to China. Traders will also be watching sectors likely to be affected by the tariffs, such as textiles.

Chinese President Xi Jinping is seen huddling on the red carpet with Indian Prime Minister Narendra Modi and Russian President Vladimir Putin, before world leaders take a group photo at another session of the Shanghai Cooperation Organization meeting in Tianjin, China, on Monday. Eurasia Group China Practice Head David Meale breaks down the geopolitical significance. (Source: Bloomberg)

Silver traded above $40 an ounce for the first time since 2011 as expectations grow for an interest-rate cut by the Federal Reserve next month.

Spot silver rose as much as 1.2% to $40.2045 an ounce on Monday, with the white metal building on recent gains alongside other precious metals, including gold, that don’t pay yields. Silver has advanced more than 38% this year.