US S&P 500 futures are lower by 0.15% this morning, pulling marginally lower from all-time highs levels, Nasdaq futures are down by 0.31% and EU markets are trading higher by 0.84% for the EURSX50 and by 1.13% for the German DAX, both at 2021 highs. Asian markets closed lower their overnight session, the NIKKEI lost 1.3% on profit taking and a stronger Yen, the Hang Seng was closed for a holiday and the CSI 300 closed lower by 0.41%. The dollar index is trading at 92.74, down another 0.31% this morning, and pulling back from 3-month highs versus majors as investors favor European currencies and growth currencies. Gold and Silver are trading higher on the weaker dollar, Gold trades at $1,735 per ounce, up by 0.41%, and Silver trades at $28.84 per ounce, higher by 0.95%. Oil prices are reversing yesterday 4.8% selloff on OPEC+ production ramp fears and trading at $59.7 per barrel, up 1.74% as investors worry switch again from demand concerns over the coronavirus spread and a hike in Iranian production to the strong economic rebound in the US and a more positive outlook on the EU demand, still crippled by the coronavirus lockdowns.
There is no important news on the agenda Tuesday. (all times GMT).
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US futures are marginally lower this morning on profit taking ahead of Fed Chair Powell speech tomorrow afternoon.
EU markets are higher for the 8th day in a row and trading at 2021 highs as investors hope that EU markets will now play catchup with US markets leadership.
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