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FX SUMMARY- USD better offered

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EURIBOR FIX

EQUITIES

US Futures Up, But Just Off All-Time Highs

GLOBAL MARKET/OPINION

Following the relatively sanguine response to US GDP and initial jobless claims data, equity futures and precious metals have all soared higher in recent trade, with the e-mini S&P rallying to new session highs and further erasing Wednesday's sell-off.

Spot gold and silver are mimicking the price action, with gold now higher by $15/oz, while silver trades with $1/oz gains.

Markets continue to monitor the drama and turmoil in Gamestop shares - the sharp rally has now reversed pre-market, with shares lower after Robinhood moved to restrict trade in the stock. After trading higher (pre-market) by as much as 50%, the stock is now 20% below Wednesday's closing price.

USD also moving in tandem, erasing the day's strength and falling sharply against most others in G10.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com