Reply To: Traders Market Weekly: Geopolitics, ECB and Apple

#42759
Truman
Participant

The S&P 500 futures are up 22 points and are trading 0.5% above fair value.
The Nasdaq 100 futures are up 88 points and are trading 0.6% above fair value.

Bloomberg is reporting that the EU is set to meet its gas storage filling goal two months ahead of target.
European Commission President von der Leyen said that an emergency intervention is being planned to rein in energy prices.
Energy complex futures are trending lower amid the aforementioned macro headlines as well as an understanding that Shenzhen is imposing COVID restrictions.
WTI crude oil futures are down 3.0% to $94.03/bbl.
Natural gas futures are down 1.1% to $9.23/mmbtu.
Unleaded gasoline futures are down 3.6% to $2.61/gal.