The S&P 500, Nasdaq and Dow futures are marginally lower and EU markets are trading at the flat line this morning, as investors see little change following yesterday selloff in big technology, and the tech heavy Nasdaq trades at the 10% pullback level, near correction territory. Asian markets closed higher in the overnight trading session, the CSI 300 closed positive 2.25% while the NIKKEI closed up only 0.18%. FX markets are trading flat this morning with no major news on the agenda, the dollar index is at 92.9, down 0.08% and most other FX markets are trading near the flat line. Gold and Silver continue to trade sideways as well, Gold is at $1,948 per ounce, and Silver trades this morning at $26.97 per ounce, both marginally higher on the day. Oil is trading lower after a 2-day 9% rally as Oil facilities on the Gulf of Mexico shut down due to Hurricane Sally and Saudi Arabia decision to stick to lower production outputs, leading analyst to raise their price forecast near term. Oil trades at $40.88 per barrel, down 0.66%.
US CB Leading Index and Consumer Sentiment at 10:00 am are the important news on the agenda Friday, (all times EST).
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Oil is trading lower after a 2-day 9% rally as Oil facilities on the Gulf of Mexico shut down due to Hurricane Sally and Saudi Arabia decision to stick to lower production outputs, leading analyst to raise their price forecast near term. Oil trades at $40.88 per barrel, down 0.66%.
The FED meeting this Wednesday didn’t change investors sentiment toward the greenback, sending it to 8-week lows versus the JPY.
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