US S&P 500 futures are marginally higher this morning, that is after another minus 2.1% close for the technology heavy Nasdaq 100 yesterday following negative inflation risks remarks from Fed Chairman Powell and ahead of the NFP numbers set to be released at 8:30 am this morning. The negative sentiment poured into the overnight session in Asia, as the NIKKEI lost 0.23%, the Chinese CSI 300 lost 0.34% and the Hang Seng trading session ended lower by 0.47%. EU markets are trading lower this morning as well, the EURSX50 is down 0.35% and the FTSI 100 is up 0.41%. The US dollar is trading at 91.9 versus majors this morning, up 0.3%, and higher nearly 1% versus the JPY, still well within the ranges set for the index since the beginning of 2021. Most other currencies are trading near the flat line. Gold and Silver are trading lower on the stronger dollar, Gold is at $1,698 per ounce, lower by 0.45% and Silver trades at $25.19 per ounce, down 0.29%. Oil prices are higher this morning following Saudi Arabia surprise move during OPEC+ meetings yesterday to stay put with its quotas versus investor expectations of increased production levels near term. OIL is trading at 2021 highs this morning, at $65.44 per barrel, up 2.55%.
US Unemployment rate and Non-Farm Employment change at 8:30 am is the important news on the agenda Friday, (all times EST).
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Nasdaq 100 futures regain some of yesterday losses ahead of the NFP numbers, set to be released at 8:30 am.
Oil prices are at 2021 and 18-month highs following OPEC+ meetings yesterday and the Saudi Arabia decision to stay put on drilling quotas.
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