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The US stock markets have just reopened for the final session of the month and it has been a positive start to the day. Anything else would have been a surprise, given the price action across the US equity futures so far today. In that vein the Nasdaq 100 future had been outperforming ahead of the opening. The index had closed on Friday at 22,534, with a gain of 86 points on the day. That was also a new record close of course for the index. It has just this minute reopened around, or above 22,640. The European markets are still tracking lower right now though and it looks like further profit-taking is still getting the better of the DAX and even the FTSE 100 just now too. It is likely to be rather an unpredictable session today for the same reason; profit-taking may yet play a role stateside too, but it might be just a little too early in the day to call that yet.
Updates here yesterday noted how the dollar has gotten an immediate boost from all the better than forecast US data released in the afternoon. Well...
Yesterday afternoon oil prices recovered their morning lows and that saw Brent crude for September delivery rebound from a session low close to $68.25...
As noted in an earlier update this morning, comments from a Fed policy voter (Chris Waller) sent the dollar lower much earlier this morning. The USD...
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