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The three main US equity futures markets are still modestly in the red this afternoon with around 30 minutes to go before a whole load of US economic data is due to hit the screens, 12.30pm GMT. The European markets are mostly in the red too, but the DAX is bouncing just now and the exception to the rule. It is hard to gauge what impact the US GDP, PCE and jobless claims data might have on the US markets, as it is latent and mostly about Q1, but it could be significant, if there are any major surprises this close to the end of the month. The Dow Jones closed last night at 39,127, with a gain of 15 points on the session. The Dow Jones futures are currently pricing the opening at around 39,075
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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