On Friday Global index publisher FTSE Russell said it will delete CNOOC Ltd from its global and China indexes due to the U.S. investment ban.
On Friday gold price fell as U.S. Treasury yields rose, though the metal was on course for its best week in five helped by hopes of a large U.S. stimulus. Spot gold fell 0.5% to $1,861.10 per ounce by 0724 GMT, retreating from its highest since Jan. 8 it hit on Thursday.
Silver settled above the 20 EMA at $25.55 and is trying to get above the next resistance at $25.85.
On Thursday bitcoin price fell as much as 10%, hitting its lowest level in nearly three weeks as the popular cryptocurrency was hit with a double whammy that jolted faith in its user base.
European stocks are expected to open higher today amid optimism as U.S. President Joe Biden takes office. London’s FTSE is seen opening 39 points higher at 6,772, Germany’s DAX up 60 points at 13,971, France’s CAC 40 up 23 points at 5,648 and Italy’s FTSE MIB up 99 points at 22,689, according to IG.
India, one of the world’s top crude oil consumers, has slammed OPEC+ for creating confusion with its latest decisions regarding oil supply, with many oil importers seeing their expectations of higher volumes disappointed.
Both physical gold and gold futures have started the first trading day of the week with fractional gains in spot gold, and marginal gains in gold futures.
On Wednesday Morgan Stanley is set to report fourth-quarter earnings before the opening bell. Earnings: $1.27 a share, 2.4% lower than a year earlier, according to Refinitiv. Revenue: $11.5 billion, 6.3% higher than a year earlier.
On Wednesday the Indian benchmark indices were hovering at day’s high, up half a per cent, in Wednesday’s early afternoon deals, lifted by IT stocks. The S&P BSE Sensex was up 300 points at 49,700 levels and the Nifty50 index was slightly below the 14,600-mark.
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