[MARKET UPDATE] US equity futures open down (ES -63 points, NQ -297 points); T-Note futures -4 ticks; WTI futures +USD 0.07/bbl; Spot XAU +USD 4/oz

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US President Trump conceded in a weekend phone call with UK PM Starmer that he was given bad information regarding troop deployments from European countries to Greenland, CNN reports citing senior UK official

PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS

[MARKET UPDATE] US equity futures open down (ES -63 points, NQ -297 points); T-Note futures -4 ticks; WTI futures +USD 0.07/bbl; Spot XAU +USD 4/oz

PRE-MARKET AUSTRALIAN STOCK NEWS

Venezuela's Acting President says plans to boost gold and iron output in 2026, and attract metals investment for FX

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Context

equity futures are indicating a bearish bias, particularly in the tech-heavy NQ futures, which may reflect ongoing concerns around interest rates or macroeconomic stability. The modest rise in WTI and spot gold suggests a flight to safety as investors seek refuge in commodities amidst market unease, highlighting a potential risk-off sentiment. Pay attention to how this plays out through the trading day, as these movements could influence risk appetite across various asset classes.

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