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Since earlier updates here today, noting the rather uncertain start to the new week across the European markets we have now seen gains unfold in the likes of the CAC 40 and the DAX. At the same time the US equity futures have pushed higher too. So, right now all three major index futures are in the green. As noted here earlier, the Nasdaq 100 will very much be in the spotlight over the coming few days, with the US election tomorrow. However, so will the broadest measure of US stocks- the S+P 500 index. As also noted earlier, that index closed higher on Friday and the futures price is now higher too. The S+P 500 closed 23.35 points to better, ending the week at 5,728.80, but that close was actually much nearer to the low of the session and not close to the high (5,772.52). Earlier today the index was priced to open lower, at around 5,710, but not any more. Right now the index is priced to reopen around 5,743, but make no mistake, whereever it trades to this afternoon and this evening, the real test probably comes later in the week, if there is a definitive US election result by then.
The US stock markets have been open for around 25 minutes and all the three major indexes opened lower this afternoon, as priced into the futures...
The rebound in Gold today has now extended by nearly $80 from the lows. The metal is now approaching the $3,200 handle. A moment ago it almost touched...
The USD/JPY was falling back after the US data drop, as covered in the previous couple of updates. It has just edged a little lower following comments...
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