EU equity markets and US futures sharply higher this morning following the brutal job report Friday and the weak US close, that’s on believe that there will be a slowdown in new reported cases in the US and EU zone. US futures are up 3.75% on average this morning while the EURSXX50 is up 3.78% and the NIKKEI closed higher 4.24%. Commodities are also finding a bid, Gold, Silver, Copper and Natural Gas are all higher this morning while OIL is lower after another setback in the OPEC+ proposed production cuts. OIL is at $27.63 per barrel, down nearly 3% over the weekend after trading above the $29 level late Friday. FX markets are trading a pro-growth currencies session, the CAD and AUD are higher versus majors while the dollar index is at 100.67, up marginally on the day and positive 6 out the last 7 trading days. Gold is trading at $1,663 per ounce and Silver at $14.78 per ounce while FX “safe heavens”, the JPY and CHF are both lower versus the dollar this morning as investors move some positions to riskier assets.
There is no important news on the agenda Monday, (all times GMT).
|Global Markets 24 hours wrap-up|
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Global equity markets are higher this morning on expectations of lower corona infection rates in the EU and US.
The dollar index is stable this morning as investors move away from the “safe heavens”, the JPY and CHF, into riskier assets.
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