U.S. Markets Gunning For A Monster Open

Update 6:50 AM: Things are getting even more bubbly pre-market in the US. NASDAQ futures are up 2.5%. The Dow is up over 200.

Original post: Markets in Asia and Europe are broadly higher. Britain’s FTSE and Germany’s DAX are both up about 1%. France’s CAC 40 is up 0.7%. Japan’s Nikkei and Hong Kong’s Hang Seng are up and 1.2% and 1.4% respectively while mainland China’s CSI 300 is up 1.6%. MSCI Asia’s Apex 50 is up 1.9%.

Gold and the U.S. dollar have been roughly stable, both down slightly. The euro is up slightly against the dollar, at $1.226.

Oil is suddenly extending its rally with a sharp pop, and light sweet crude is now at 72.50.

Chart

Moreover, U.S. futures are pointing towards a strong open with the S&P500 and Nasdaq both up over 2%, via Finviz:

Chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.