US S&P 500 futures are higher by 0.22% this morning, Nasdaq futures are down 0.11% and EU markets are trading lower by 0.58% for the EURSX50 and by 0.65% for the German DAX. Overnight, Asian markets closed mainly in the red following the technology sector weakness yesterday in the US. The NIKKEI closed lower by 1.41% and the CSI 300 lost 2.62% as investors fear the rising bond yields will temper growth in the US as the economic recovery picks up. The dollar index is flat, trading at 91.88 versus majors, up 0.02%. Gold and Silver are trading near the zero line on the flat dollar, Gold is at $1,741 per ounce, up 0.4% and Silver trades at $26.07 per ounce, down 0.44%. Oil is marginally higher, trading at $60.05 per barrel, up 0.11%, following the worst trading day for the commodity this year, down 8% on the day, as investors worry the restrictions and proposed lockdowns in the EU area will have a big impact on demand levels near term, and following the huge runup in Oil prices this year.
There is no important news on the agenda Friday. (all times GMT).
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OIL prices went through their worst selloff day in 2021, losing 8.65%, following the renewed lockdown policies in the EU and investors fear of a slow in demand pickup near term.
Both EU leading indexes are lower this morning as investors fear the renewed lockdowns effect on the economy and the rising US bond yields.
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