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Just ahead of the noted 1.30pm GMT US data releases, the US equity futures are close to European session highs. Now of course the US data might negatively impact the opening outlook, but we shall have to see what shows up there. Meantime, the Nasdaq 100 futures are pricing a reopening above 15,900 this afternoon. The index closed yesterday at 15,812. So, if that materialises, then of course that means the index will be within striking distance of reaching 16,000 and that is something it was not able to manage earlier this year. The high for the index was set back on July 17, when it topped out then at 15,932. It is currently priced to reopen at around 15,920. The way things look right now, it seems likely to hit a new 2023 high at some point this afternoon.
Earlier today the European stock markets were on the front foot and that saw a new all time high for the DAX, at 20,522. That record helped to lift...
As covered in earlier updates here, the combination of higher US yields and a firmer USD/JPY did push gold below a technical support level, in place...
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