EU equity markets and US futures are marginally higher this morning after yesterdays rout after US President Trump said that Saudi Arabia and Russia are on path to an agreement following the price war that sent Oil prices to 20-year lows and is hurting US employment and sell industry as well, that’s on top of the demand collapse following majors cities lockdown due to the corona virus. Oil prices are sharply higher this morning, trading at 22.45 per barrel, up 10%. Gold, Silver and other commodities are higher as well, Gold is trading up 1% at $1,605 per ounce this morning and Silver is at $14,33 per ounce. FX markets calmed over the past 24 hours, the dollar is at 99.6 this morning, just bellow the flat line. US Unemployment claims at 8:30 am US will be the key number for investors as markets expect a big uptick in claims following the corona virus shutdowns across the US.
US Unemployment claims at 1:30 pm is the important news on the agenda Thursday, (all times GMT).
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Oil is up 10% this morning after US President Trump said he expects an agreement between Russia and Saudi Arabia.
Nasdaq futures are marginally higher this morning ahead of the Unemployment claims number at 8:30 am US.
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