US S&P 500 futures are higher this morning and the European leading index the EURSXX50 is trading higher by 0.6% and at 2020-highs following positive earnings reports from Tesla and despite a 2% pullback In Microsoft after the bell and rising tensions between the US and China. Asian markets traded mostly in negative territory, yet most markets closed near the flat line. The US dollar continues its downtrend versus FX markets, trading this morning at bellow the 95 level, down another 0.25% and trading lower for the sixth day in a row. The euro is at 2020 highs this morning, at 1.1590, at 8-month highs. Gold is trading at record 2020 levels as well on the weaker dollar, just 40 dollars bellow all-time highs of $1,920, reached 10-years ago, and up 1% on the day. Silver is trading at $23.12 per ounce this morning, flat on the day. Oil traded higher on markets optimist yesterday, ticking at the $42 level however investor fear the demand is likely to stay limited and the EIA sees an increase in inventories near term. US production levels rose to 11.1 million barrels per day, up by 1% this week.
US Unemployment Claims at 8:30 am are the important news on the agenda Thursday, (all times EST).
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Gold prices are at 8-year highs this morning and 3% away from all-time highs, $1,920 per ounce.
The EURSXX50 and Nasdaq futures are trading is positive territory ahead of more earnings reports this morning.
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