Global Markets Daily Report

 

US S&P 500 futures are lower by 0.55% this morning, and Nasdaq futures are down 1.05% as bond yields rise following the 1.9 Trillion dollars stimulus plan by President Biden last night and the rollout of the covid-19 vaccination plan. The 10-year Treasury is at 1.6% this morning, as investors fear the $1,400 direct payment will fuel inflation in the US. EU markets are trading lower after a 4-day run, trading lower by 0.55% for the EURSX50 and 0.71% for the DAX. Asian markets closed their overnight session higher led by the NIKKEI 1.73% surge to all-time highs. The dollar index is higher after a 3-day pullback, trading at 91.87 versus majors, up 0.5%.  Gold and Silver are sharply lower on the stronger dollar, Gold is at $1,703 per ounce, down 1.33% and Silver trades at $25.39 per ounce, down 2.34%. Oil is marginally lower after strong gains in the past 48 hours, trading at $65.74 per barrel, down 0.44%, as investors are bullish on the global economy and the rollout of the US stimulus plan.

US core PPI at 8:30 am is the important news on the agenda Friday, (all times EST).

  

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
12.3.21-0.31%0.44%0.11%-0.34%-1.13%-0.44%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
0.05%0.55%-0.31%0.17%-0.22%-2.45%-0.17%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.51%-0.76%-0.21%-0.15-0.6%1.73%0.35%
1 YEAR58.04%28.15%48.98%50.1%60.12%30.26%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
       
OIL66.85108208/366.03Stopped out
       
       
       
       
OPEN PROFIT  $0   

US futures are lower and the EURSX50 is down 0.6% this morning as inflation fears are driving Treasury yields higher.

The US dollar is 0.52% higher versus majors this morning on higher bond yields and its “safe heaven” status.