Nasdaq
Nasdaq 100 futures recover some of Friday loses as the PBOC took measures to eliminate the negative impact of the coronavirus outbreak. China announced the start of a clinical trial to fast test a drug for the coronavirus infection. Investors attempt to shift their attention to corporate earnings and fundamental data.
The Nasdaq futures are 0.70% higher at 9,060. The Dow Jones futures are 0.52% higher at 28343 while the S&P 500 futures are 0.59% higher at 3243.
On the economic data, the U.S. ISM institute’s Purchasing Managers’ Index for January will be released at 15:00GMT.
European indices keep the positive momentum midday. The FTSE 100 in London is 0.41 higher at 7,315 on upbeat UK PMI data. The DAX Index is 0.21% higher at 13,010. The CAC 40 is 0.35% higher at 5,826 while the FTSE MIB is 0.62% higher at 23,379.
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Cryptocurrencies consolidate close to recent highs. Bitcoin BTCUSD is 0.26% lower at 9305. Ethereum (ETHUSD) is 0.86% higher at 188.64. Litecoin is 0.66% lower at 69.36. Ripple XRP price is 0.85% lower at 0.2489.
Crude oil price is 0.21% lower at $51.44, while the Brent crude oil is 1.08% lower at $56.01. Gold also retreats at midday as the PBOC intervention helps to control the coronavirus fears. Gold price is 0.68% lower at $1,579. Silver is underperforming giving up 1.47% at $17.76.
In forex markets USD index is 0.38% at 97.73. The GBPUSD is under selling pressure as hard Brexit fears resurface. GBPUSD is 1.20% lower at 1.3042. AUDUSD is 0.12% higher at 0.6694. USDJPY is 0.18% higher at 108.53. EURUSD trades 0.32% lower at 1.1057.