The S&P 500, Nasdaq 100 and Dow futures are lower following the 3-day stellar rally as market expect the decision on the US Presidential race and ahead of the NFP numbers set to be released early this morning. S&P 500 futures are 0.88% lower and the leading European index the EURSXX50 is at 3,194, down 0.68%. FX markets are trading a pro-dollar early session after a 3-day retreat for the greenback. The dollar index trades at 92.37, down nearly 2% for the week. Asian markets closed the week on a positive note, up strongly across the board. Gold and Silver are higher on the weaker dollar, Gold trades at $1,950 per ounce up 0.91% and Silver is trading sharply higher at $25.45 per ounce, up 2.44%. Oil prices are 3.3% lower and trading at $37.55 per barrel this morning as unclear US elections results and alarming coronavirus numbers are being reported across the US and Western Europe, leading to more potential lockdowns and temper with a very sensitive Oil demand scheme near term.
US NFP numbers and Unemployment Rate at 8:30 am are the important news on the agenda Friday, (all times EST).
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US markets, the S&P 500 and Nasdaq 100 outperformed global markets this week as US elections wind down and despite potential aftermath turmoil.
The US dollar fell victim to markets rally and US elections turmoil this week, trading lower versus majors across the board.
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