Stocks look for direction in US as Russia to retaliate

Markets 3/16/2018, 12:11 PM
Stocks look for direction in US as Russia to retaliate

The dollar slipped and spot prices of precious metals were little changed on Friday before the opening of equity markets in the United States. Traders were waiting for Russia to reveal the scale of retaliation against the expulsion of 23 of its diplomats from the United Kingdom, in a further escalation of the Kremlin's spat with the West after former double agent Sergey Skripal was poisoned in England and remains in a critical condition. Stocks were poised to trade flat to lower.

Gold rose 0.64% at 12:09 to $1,321.52 per ounce and silver advanced 0.59% to $16.5 for one fine ounce. The euro strengthened 0.2% to $1.233 and the pound added 0.18% to change hands for $1.3962, while the greenback declined 0.68% to ¥105.626.

The Dow Jones Industrial Average futures ticked marginally lower, the S&P 500 was seen opening 0.08% above the flat line and the reading for the Nasdaq 100 was flat.

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