- Quiet end to the week on U.S. stocks
- Currencies still holding tight ranges
- Gold slightly firmer, oil prices weaker
Bias: Risk neutral
It was a quiet close to the week on Friday for U.S. stocks with players largely sidelined and taking stock after the recent volatility. The market opened firmer, but reversed to close weaker after softer than expected U.S. Consumer Sentiment data. Adding to the pressure was a new record in Fresh Corona Virus cases in the U.S. (70,000).
The Big Dollar shadowed equities over the day again holding tight recent ranges. The Euro posted gains on the day as players rolled into the currency, while Sterling continued to lag.
Oil posted small losses on the day while gold finished up slightly.
Expect the usual quiet Monday in Asia today, with a lack of fresh cues from offshore, combined with a very light data calendar, which only rally holds Japanese Trade and German PPI numbers.