Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection

#37761
Truman
Participant

In Asia, China slipped 0.1% while Japan gained 0.7%. The Shanghai Composite saw a quiet day after rising over 1% on Tuesday. The Chinese benchmark was uninspired by the slight beat from the Caixin Manufacturing PMI that came in at 48.1. In Japan, the Nikkei snapped back, led by strength in Automotive stocks. Names such as Nissan, Honda an Toyota climbed 4-8%.

In Europe, the major bourses are not straying far from the neutral zones. Regional Manufacturing PMIs saw slight revisions higher in Germany, France and the Eurozone. Disappointing German Retail Sales may be keeping a lid on gains. The April print showed a decline of 0.4% compared to expectations of a rise of 4%.

WTI crude futures +0.7% to $115.54/bbl; wheat futures +0.2% to $10.89/bu; nat gas futures +1.4% to $8.26/mmbtu
10-yr note yield +4 bps to 2.88%; 2-yr note yield +4 bps to 2.58%