Markets Pop As Syria Averts U.S. Military Strike
This morning, the S&P 500 Index e-mini futures (ES-U3) are trading higher by 10.00 points to 1679.00 per contract. It seems that the markets are rejoicing after Syria agreed to turn over all of its chemical weapons in order to avert a U.S. military strike. President Obama will hold a detailed press conference tonight to outline all of the details of the deal. This news has caused spot oil, and gold to both decline sharply in the pre-market. Spot gold is trading lower by $20.00 an ounce before the opening bell, light sweet crude is also trading lower by more than $2.00 a barrel.