US futures and EU markets are trading lower this morning, as investors weight in the rising numbers of coronavirus new cases in the US, China, Brazil, and EU markets versus taking profits after the past 3-months rally. US S&P 500 futures are lower by 0.8% this morning while their EU counterparts are trading 1% lower for the EURSXX50 index. The dollar index is at 97.17 this morning, up 0.37% and up three days in a row and “safe havens” are gaining this morning led by the JPY and the growth currencies, the CAD and AUD are trading lower. Gold is trading lower on the stronger dollar, at $1,727 per ounce this morning, down 0.45% and Silver is trading lower as well, down 0.8% at $17.62 per ounce. Oil is trading sideways for the third day in a row this week, at $37.97 per barrel and marginally lower on the day. Despite renewed demand fears, OIL manages to draw buyers on expectations of another OPEC+ output cut if demand will slump on renewed lockdown policies.

US Fed Philly Manufacturing index and Unemployment Claims at 8:30 am are the important news on the agenda Thursday, (all times EST).

Global Markets 24 hours wrap-up
1 YEAR0.43%-16.28%
Swing report
OIL975771,21010/69584stopped out

The German DAX and Nasdaq futures are lower this morning following another rise in coronavirus cases and fears of another wave of lockdowns ahead.

The JPY is trading higher this morning versus majors and growth currencies retreat on fears of another coronavirus cases surge. 

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