US equity futures recover quickly after slight drop earlier

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S&P 500 futures now down by only 0.1%

The perennial battle between greed and fear is starting to take place once again as market participants are beginning to settle into the US-China trade rhetoric we’re seeing.

Much like how Wall Street turned things around overnight, we’re seeing much of the same again in trading now with E-minis having pared losses of around 0.4% in the last hour to just 0.1% currently with S&P 500 futures gaining about 10 points.

That has helped see the dollar and yen ease up with USD/JPY itself rising from 109.45 to 109.57 currently, near the day’s highs. Expect this battle to continue into US trading later as that will once again set the tone for markets as we look to wrap up the week over the next two trading days.
ForexLive

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