US S&P 500 and Nasdaq futures are trading marginally higher this morning as the S&P 500 futures trade just 13 points, less than 0.3% from all-time highs levels reached in mid-February. EU markets are higher as well, the EURSXX50 is trading higher by 0.57% and the DAX by 0.71%. Overnight, Asian markets closed near the flat line. The dollar is lower versus majors in the currency markets, trading at 92.5 this morning, down 0.37% and losing ground across the board. Gold and Silver are taking advantage this morning of the dollar retreat, trading higher by 1% and 2.8% respectively. Gold is at $2,006 per ounce this morning and Silver at $28.25 per ounce. The otherwise dull news agenda sends investors to focus on commodities as equity markets trade at all-time highs levels and the earnings season is all but done. Oil will be in focus tomorrow for the OPEC meetings and the Inventories numbers, trading lower by 0.6% this morning, at $42.7 per barrel, as investors worry about the OPEC+ promised production cuts and the crude demand pickup in the US.
There is no important news on the agenda Tuesday, (all times EST).
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S&P 500 futures are just below all-time highs levels this morning.
Gold and Silver are higher this morning on another pullback in the US dollar, trading at 7-month lows this morning.
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