The S&P500 and Nasdaq futures are higher by 1% this morning and the EU leading index the EURSXX50 is higher by 2.25% as indexes continue to climb on positive over the weekend coronavirus news as the Trump Administration is considering speeding up the regulatory path for a UK experimental coronavirus drug to be used ahead of the US upcoming elections. Asian markets closed their Monday session higher as well, the NIKKEI close just below the 23,000 level, up 0.29%. The dollar index is lower on Euro and growth currencies strength, trading at 92.93 this morning, down 0.34%. Gold and Silver are higher on dollar weakness, Gold trades at $1,949 per ounce, and Silver at $26.7 per ounce, up 0.6% and 0.7% respectively. Oil is trading at $42.8 per barrel this morning, up 1.1% as investors welcome the positive coronavirus news as they look ahead to the upcoming US hurricane season and the disruptions expected following the storm descending on the Gulf of Mexico today and the production shutdowns ahead.
There is no important news on the agenda Monday, (all times EST).
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The EURSXX50 index is 2.2% higher this morning and at 3-week highs on positive over the weekend coronavirus news.
The start of the hurricane season is sending Oil prices higher on Gulf of Mexico production disruption.
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