Global equity markets are opening Thursday morning off their weekly highs as investors see a more complexes situation in China with regard to the corona virus outbreak. Asian markets are marginally lower this morning as well, awaiting more clarity on the outbreak situation. EU and US equity markets traded yesterday to fresh 2020 highs as some profit taking can be actually a solution for the markets that extended their winning ways to 8 green days versus a red one only. FX markets are awaiting the CPI number today at 8:30 am US, that’s after another strong session for the dollar, closing yesterday at 92.02. Metals traded a lackluster session closing with minor gains, Gold closed at $1,577 per ounce and Silver at $17.55 per ounce. Oil prices rebounded sharply as investors expect now more production cuts from OPEC+, that’s in expectation of a slump in demand from China, the second largest crude consumer. Oil prices closed yesterday higher 3% at 51.77 per barrel, despite an increase in US inventories by more than 7.5 million barrels, at record highs for 2020.

EU Economic Forecast at 12:00 noon and US CPI at 1:30 pm are the important news on the agenda Thursday, (All times GMT).


Global Markets 24 hours wrap-up
1 YEAR22.67%3.87%20.06%20%12.69%16.57%
Swing report
OPEN PROFIT  $6150   

EURSXX50 futures trade off their highs this morning on profit taking as the corona virus problem gets more complexes for investors.

Nasdaq futures are lower this morning after another all-time highs record session yesterday.

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