S&P500 Futures and EU markets are trading sharply lower this morning after President Trump and other US officials posted harsh rhetoric on China with regard to the coronavirus handling by the Chinese government. That’s on top of the ongoing rise in global corona cases and the unclear path to recovery in the US an EU markets. EU markets are lower by 2.5% this morning, the S&P 500 futures are down 1.15% while most Asian markets are closed for a holiday. FX markets are trading a narrow range session, opening the week higher in favor of the dollar, the index is trading up 0.35% at 99.35 this morning. Gold and Silver are also trading higher as investors move into “safe heavens” this morning, Gold is at $1,716 per ounce, up 0.92% and Silver is trading at $15.12, up 1.03%. Oil prices are reversing lower this morning after a strong gain over the past week, that’s on profit taking and the US China tensions. Oil is trading at $18.16 this morning, down 8.2%.
There is no important news on the agenda Monday, (all times GMT).
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S&P 500 futures are sharply lower this morning after US China tensions rise over Chinese mistreatment of the corona outbreak and the unclear path from the global corona lockdowns.
Oil prices are down 8% this morning after the rally last week and renewed tensions between the US and China.
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