Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets.
- US markets are mostly green on Tuesday while the rest of the world is mixed.
- Copper is near a 3-month high.
Good Morning, US Futures are climbing, with S&P up 20bp as a sea of Earnings rolls — but keep an eye on Russell and Nasdaq, your downside leaders yesterday and lagging again this AM. Pretty Green in Europe, where the DAX is up 16bp in heavy turnover, with Fins acting well on Commerzbank chatter, offsetting continued selling In Tech shares. Spain’s IBEX playing catch-up as Caixabank jumped on #s — but Sweden’s exchange is off 60bp as Electrolux gets hit on WHR headers. In Asia, Tech acted well, as AAPL supplier AMS leapt 15% on numbers – Nikkei up 50bp for 16straight – Hang Seng hit for 50bp as Autos stumbled – Shanghai up small – Tech propelled Korea, with KOSDAQ up 1.7%, and Aussie up small
Fed Funds at 97% for December and the US 10YY is nearing 2.4% as Germany’s 10YY touches 1month highs. The DXY is off small, as Flash PMIs and Confidence numbers are supporting the Euro – Sterling under slight pressure on some BoE headers, the Yen continuing to break down, but watch that Kiwi$ kissing 5month lows on ramping political angst – Ore off small, but Steels up 1% in China and Industrial metals acting well early, with Nickel adding 1.6% and Copper nearing 3Y highs on LME. WTI just spiked $US1 to take out the week’s highs, while Natty gas off small after multiple rejects at $US3
Get the latest Oil WTI price here.
Business Insider Emails & Alerts
Site highlights each day to your inbox.