Gold (XAUUSD) News

A late surge in US trading on the back of positive trial results from Moderna’s coronavirus vaccine has outweighed investor concerns about further rises in coronavirus cases in the US, as well as in Asia, against a backdrop of rising geopolitical tension between the US and China.

S&P 500 futures are up in premarket trading as traders prepare themselves for the first busy week of the second-quarter earnings season.

It’s a particularly busy week ahead. A hectic economic calendar and U.S corporate earnings are in focus, with COVID-19 and geopolitics to also play a part.

Positive economic data and news of progress towards a successful COVID-19 treatment drug largely overshadowed spikes COVID-19 cases.

Global economic downturn and re-emergence of COVID-19 in several main markets are still playing havoc with global energy demand. The continuing barrage of positive figures presented by leading banks, financial institutions or OPEC exporters, seems to be weakening by the day.

A quiet week on the economic calendar has given the markets an opportunity to reflect and look ahead. All of this as Brexit talks resume.

United could layoff half its workforce

S&P 500 futures lack direction in premarket trading as traders evaluate their next moves.

Alphabet’s Google and Deutsche Bank have announced to form a strategic partnership to provide the German lender access to cloud services and create innovation in technology-based financial products for clients.

S&P 500 futures are pointing to a higher open amid global market optimism.

The consolidative/corrective phase in the capital markets appears to be drawing to a close.

While economic data will influence, the latest COVID-19 numbers and rising tension between the U.S and China will likely drive the markets.

It was a week of positive stats and news of progress towards a COVID-19 vaccine. Spikes in new cases across the U.S did test risk sentiment, however.

S&P 500 is trying to get above the resistance at 3150 as optimism about economic recovery is tested by the worsening situation on the coronavirus front.

Exxon Mobil Corporation said in its regulatory filing on Thursday that it has incurred an unprecedented second straight quarterly loss from the fall in oil and natural gas prices after coronavirus lockdown restrictions dampened energy demand worldwide.

Progress towards a COVID-19 vaccine and positive EU and U.S stats provided support early on. U.S Nonfarm payrolls and jobless claims are in focus later.

S&P 500 futures are losing ground in premarket trading after the release of worse-than-expected ADP Employment Change report.

An interview with the gentlemen behind the website “WTF Happened in 1971?”

Chicago PMI rises less than expected

S&P 500 futures are gaining ground in the premarket trading session as investors bet on economic recovery.