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S&P/ASX 200 futures suggest gains today as US markets shrug off US Iran tensions

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are suggesting the market opens around 0.3% higher after US markets recovered early losses to post gains for their Monday session.

Markets are ignoring tensions between the US and Iran after a US drone strike killed top Iranian military commander Qassem Soleimani has not followed through to Monday.

That being said, gold and oil prices remain elevated.

The S&P 500 Index (INDEXSP:.INX) closed at 3,246.28 up 11.43 or +0.35% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 9,071.46 up 50.70 or +0.56%.

Gold has fallen from its near seven year high yesterday but remains elevated at US$1,568 per ounce and WTI Crude Oil at US$62.81.

The AUDUSD remains around 0.6940 after climbing over 0.70 in late December 2019.

Stocks closed up across the board today. The Dow shook off its 200-point drop at the open earlier today to end nearly 70 points up. https://t.co/pe4LlOJKT9 pic.twitter.com/0aC39JEGPo

— CNBC (@CNBC) January 6, 2020

Magellan records more monthly inflows

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