fxstreet.com 01 Feb, 2021 01:30 am

S&P 500 Futures drop to one-month low amid market frenzy

S&P 500 Futures drop to one-month low amid market frenzy
Despite consolidating losses around 3,685-90, S&P 500 Futures decline near half a percent during Monday’s Asian session. The risk barometer bears the

EU-UK tussle, downbeat prints of China’s NBS Manufacturing PMI also favor risk-off mood.Furthermore, the recent weakness in China’s official manufacturing PMI for January, from 51.Although market chatters will be the key to watch, China’s Caixin Manufacturing PMI, expected 52.0 prior, followed by the US ISM Manufacturing PMI, likely to recede from 60.

Vaccinations stay on the front foot but fresh case in Perth questions the bulls.Read: SilverSqueeze trends on Twitter as retail sites see high demand for the metal Elsewhere, the Aussie government found one covid case in Perth’s hotel and announced a five-day lockdown as a precautionary measure to not have a further infection if at all it is a variant from either the UK or South Africa.

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