US S&P 500 futures are lower by 0.65% this morning and Nasdaq futures are lower by 1.52% following yesterday sharp selloff for the indexes as investors fear inflation and rotate from growth stocks to financials, basic materials and industrials. EU markets are trading sharply lower as well, the EURSX50 is down 2.1% this morning and the German DAX is 2.3% lower. Asian markets closed their overnight session mainly in the red, the NIKKEI dropped 3.08%, the Hang Seng lost 2.39% and the CSI 300 gained 0.61%. The dollar is flat this morning, trading at 90.15 versus majors, down 0.07% as investors take to the Sterling and Yen. Gold and Silver are trading near the flat line as well, Gold trades at $1,840 per ounce, up 0.2% and Silver trades at $27.34 per ounce, up 0.35%. Oil prices are lower this morning ahead of the Inventories numbers tomorrow, OIL is at $64.32 per barrel, down 0.95% as refinery shut down production on the Colonial Pipeline cyberattack, led by the largest US refinery at Port Arthur shutting down, responsible for 607K bpd of production.
There is no important news on the agenda Tuesday. (all times GMT).
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US futures are sharply lower this morning, bucking yesterday weak close as investors worry the FED will tighten monetary policies on inflation fears.
Both the EURSX50 and the DAX are in the red as investors sell technology stocks fearing US inflation.
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