6:33 PM · 3 January 2020

US indices erase loses ahead of the FOMC minutes

US indices look like a bulletproof vehicle, rolling past all the obstacles. Despite the shock from the US attack in Iraq that caused a spike in oil prices and dismal US manufacturing data (sending USD lower and gold higher) US indices have nearly fully recovered from the decline. US500 trades nearly 40 points above daily lows and has once again outperformed German DE30. Investors are still awaiting minutes from the December FOMC meeting that will be published at 7pm GMT.

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