Global equity markets reversed higher following the leadership of US equity markets and are trading all in positive territory this morning. China mainland markets reversed the 8% rout from yesterday and all Asian markets and EU markets are sharply higher as well. FX markets sounded relief as well, the dollar index traded up 0.42% yesterday and is trading at 97.91 this morning, reversing all of Friday losses. The “safe heavens” are on the loosing side this morning, the JPY, the CHF, Gold and Silver are all in the red as investors switch sides to riskier assets. Gold closed at $1,582 yesterday, down 0.4% while Silver prices close down nearly 2% at $17.66 per ounce, After another 3% rout and trading bellow the $50 support level, Oil prices are rebounding this morning as investors look at near term demand and OPEC proposed attempts to cut production levels further into 2020 and match a lower demand market place. OIL prices are up more than 1% and trading at $50.65 per barrel this morning.
US Factory orders at 3:00 pm is the important news on the agenda Tuesday, (All times GMT).
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EURSXX50 follows US equity markets will a big gain this morning.
Nasdaq futures trading sharply higher and looking at all-time highs once again as investors buy into the technology sector leaders taking advantage of Friday rout.
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