US futures and EU markets are trading sharply lower this morning, opening the trading week on a negative note. S&P futures are down 2% on energy and airlines weakness and the Nasdaq is down 1.3%. EU markets are trading lower 1.6% on average, as investors fear another wave of coronavirus resurgence and take profits off the table in airlines, after the sharp reversal in the sector from March lows. FX markets investors are moving into the “safe heavens” this morning, the JPY is up versus majors and so is the CHF. The dollar index is at 97.17, marginally lower after a strong recovery Thursday and Friday from the 96 level. Gold is trading at $1,714 per ounce this morning, down 1.3% and Silver is trading lower as well, down 1.5% at $17.24 per ounce. Oil investors are taking profits from the table as well, OIL is down 14% over the past week from June $40.4 highs, trading at $35.36 and down another 2.5% this morning. The uptick in corona cases in the US as well as the uptick in cases China and Japan is a big concern for OIL investors, as the expected demand pickup will be tempered severely by another lockdown period.

There is no important news on the agenda Monday, (all times EST).

Global Markets 24 hours wrap-up
1 YEAR-3.88%-18.75%
Swing report
NASDAQ975771,6855/69584NEW POSITION
OPEN PROFIT  $1,685   

Nasdaq futures are lower this morning for the 4-th day in a row, as investors fear the uptick in corona cases will temper the global recovery efforts. 

Despite another 1.1% pullback this morning, the EURSXX50 is up 13% over the past 30 days!!

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