US S&P 500 futures are marginally lower this morning, that is after a minus 2% close for the technology sector yesterday and negative session overnight in Asia, as the NIKKEI dropped 2.13%, the Chinese CSI 300 lost 3.15% and the Hang Seng trading session ended lower by 2.15%. EU markets are trading lower this morning as well, the EURSX50 is down 0.5% and the FTSI 100 is down 0.95%. The US dollar is trading at 91.15 versus majors this morning, up 0.24%, well within the ranges set for the index since the beginning of 2021. Most other currencies are trading near the flat line. Gold and Silver are trading in different directions, Gold is at $1,719 per ounce, up 0.15% and Silver trades at $25.9 per ounce, down 0.9%. Oil will be in focus for investors today as OPEC+ meetings today with near term production quotas in focus are key for investors, that have a slough off contradicting news to take into account as to the future price direction. Oil prices are higher by 0.25% this morning, trading at $61.44 per barrel.
OPEC+ meetings, all-day, US Unemployment claims at 8:30 am and Fed Chairman Powel speech at 12:00 pm are the important news on the agenda Thursday, (all times EST).
|Global Markets daily recap|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
|OIL||62.07||10||560||1/3||62.1||STOP LOSS CHANGED|
US markets are marginally lower this morning as investors await Fed Chair Powell speech at 12:00 noon.
Oil investors will focus on OPEC+ meetings, near term production decisions and their impact on future prices.
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