US S&P 500 futures are 0.55% lower this morning, Nasdaq futures are down another 1.1% on top of yesterday 2.8% selloff as investors take profits off the table on US-China tensions and ahead of Apple earnings next week. EU equity markets are trading sharply lower as well, the EURSXX50 and the DAX are down more than 1.4% and Asian markets traded lower overnight as well. FX markets moved as expected to the JPY and CHF, both sharply higher versus majors this morning, while the dollar trades flat, at 94.76, up 0.07%. Gold futures are higher this morning on the move to safety and the weakness of the US dollar, trading higher by 0.25 at $1,892 per ounce while Silver futures are lower, trading at $22.8 per ounce. Despite the pullback in equity markets Oil prices remained stable this morning, trading at $41.2 per barrel, up 0.3%, that’s on the weaker dollar and expectations of another economic relief package to be delivered by the Congress to US businesses near term.
US Flash Manufacturing PMI at 9:45 am is the important news on the agenda Friday, (all times EST).
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EU markets and Nasdaq futures are sharply lower on profit taking and the US China rising tensions.
Gold record breaking streak is a 4 straight days, trading at fresh 2020-highs on dollar weakness and the US China tensions.
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