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Mild positive risk appetite as markets settle ahead of US payrolls
Wall Streetclosed one more strongly higher with the S&P 500 at 3275, whilst US futures are another +0.3% higher today. Asian markets have been a little more cautious, with the Nikkei +0.4% and Shanghai Composite -0.1%, but European indices are taking the move forward in early moves (FTSE futures +0.4%, DAX futures +0.2%). In forex, there is a mild sense of positive risk once more, but broadly stuck within a theme of consolidation in front of payrolls. JPY is one more an underperformer, whilst AUD is bouncing and GBP is also mildly higher. In commodities, there is a slight slip back on gold and oil, but in the ... (full story)