Global equity markets are opening Friday morning near all-time highs for US equities and at 2020 highs for the EURSXX50. That’s ahead of the Retail Sales numbers coming out this morning in the US and following unclear reports coming out of China with regard to the outspread of the corona virus. The FX markets saw the GBP trade higher versus majors in expectation of financial reforms as the UK leaves the EU and the Euro trading at 5 year lows versus the Swiss frank and at 30-month lows versus the Dollar as investors are bearish on German GDP numbers set to be posted this morning. Metals traded as lackluster session, Gold closed at $1,577 per ounce and Silver at $17.66 per ounce , both marginally higher on the day. Oil closed higher as well as investors weight the slowdown in the Chinese corona hit economy versus the production cuts proposed by OPEC+ in effort to support prices versus decresing global demand and all-time record US production levels. Oil closed at $51.52 per barrel yesterday, up for the second day in a row this week.
EU German GDP at 9:00 am and US Retail Sales at 1:30 pm are the important news on the agenda Friday, (All times GMT).
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Nasdaq futures unstoppable, up 9 out of the last 10 trading day, at fresh all-time highs yesterday.
The dollar index trades at 6-month highs this morning on Euro weakness and US economy strenght.
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