EU markets, Asia overnight and Nasdaq futures are higher this morning as investors brace for more markets and sectors moving slowly out of the lockdowns and positive US Biotech company corona vaccine trial. Nasdaq and S&P 500 futures are 2.44% higher, EU markets are trading at 5-day highs, 2.5% higher this morning. Another positive for the markets is the 5-day rally in OIL, up another 8.5% this morning and trading at $32.2 per barrel, at 9-week highs. The move up in Oil is ahead of the June contract expiration this week and on expectations of a demand pickup as economies move out of the corona lockdowns as well as OPEC+ productions cuts, both factors combining to support the rally. Gold is at $1,765 per ounce this morning, up 0.45% and Silver is trading at $17.77 per ounce and up 4.14%, both higher on a weaker US dollar index, trading lower 0.2% at 100.27 this morning.
There is no important news on the agenda Monday, (all times GMT).
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OIL is at 9-week highs and up 8.5% this morning as investors look ahead into the post lockdowns market and upcoming OPEC+ production cuts ahead.
Nasdaq futures and EU markets are pointing sharply higher after US biotech company Moderna announced positive coronavirus vaccine trials.
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