Spreadex Market Update
US stock index futures are currently little changed
US stock index futures are currently little changed ahead of today’s open bell. European benchmarks, too, are stable. The new record highs have brought with them a relative calm to the equity market, which will hopefully, the bulls will say, be indicative of the summer months to come. The FTSE 100 remains a little weak of the 6,900 mark, and the Xetra Dax holds the 9,700 level. No news is good news from Ukraine.
Elsewhere, metals seem to be making a move away from their recent range. Both gold and silver are inflating through resistance levels to make new short-term highs. Silver trades around the $20 level, with gold now through the $1,300 mark up at $1,308 for June delivery. Investors will be watching carefully to see if a break through these levels can hold and, importantly, push through to a new range.
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