US S&P 500 futures are higher by 0.15% this morning, Nasdaq futures are down 0.51% and EU markets are trading higher by 0.62% for the EURSX50 and by 0.8% for the German DAX, reversing the three-day skid for the markets this week. Asian markets closed sharply higher their overnight session, the NIKKEI gained 1.56% while the Hang Seng closed higher by 1.57% and the CSI 300 closed higher by 2.27%. The dollar is trading at 92.84, up another 0.34% this morning, at 3-month highs versus majors as investors favor the “safety” of the dollar over the EUR/GBP and other European currencies. Gold and Silver are trading near the flat line, Gold trades at $1,725 per ounce, up by 0.05%, and Silver trades at $24.36 per ounce, higher by 0.55%. Oil prices are reversing for the third time this week, up by 2.53% this morning, reversing yesterday selloff and trading at $59.99 per barrel as investors worry switch again from demand concerns over the coronavirus spread back to the Suez Canal blockage disruptions, which at this point seems to have an impact bigger than expected on OIL supplies.
The EU Economic Summit, (all-day), is the important news on the agenda Friday, (all times EST).
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US futures are higher this morning following the speech of President Biden last night.
EU markets are higher this morning as coronavirus fears subside.
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