- This topic has 3 replies, 2 voices, and was last updated 10 months, 2 weeks ago by
.
- Posts
S&P Futures vs Fair Value: -10.0
10 yr Note: 3.072%
USD/JPY: 130.45 +0.28
EUR/USD: 1.0563 +0.0020
Europe: FTSE: -0.6% DAX: -0.8% CAC: -0.9%
Asia: Hang Seng: -3.8% Shanghai: -2.2% Nikkei: +0.7%
Gold (1879.40 +3.60) Silver (22.46 +0.02) Crude (109.92 +1.66)S&P Futures are down about 12 points to trade around the 4131 area.
An early attempt at a rally stalled out at 4149.50. Sellers regained control but could only manage to take the market down to 4112.75 before settling back to the current level.
U.S. Treasuries are on track for a lower start, but the first few minutes of the cash session could see increased volatility as the market responds to the release of the April jobs report at 8:30 ET.
Treasury futures faced some selling pressure after yesterday’s cash close with futures on the 5-yr note briefly dipping past their intraday lows.
Japan’s Tokyo CPI increased at its fastest pace since 2014 in the headline reading for April while the core reading increased at its fastest pace since 2015.
In Europe, expectations for a July rate hike are on the rise.
The U.S. Dollar Index touched a fresh 20-year high overnight before turning negative. The Index is down 0.5% at 103.28, narrowing this week’s gain to 0.1%.
Selling picked up today with Natural Gas and oil also getting pounded. Rising interest rates, Russia’s war in Ukraine, and China’s COVID-related lockd
[See the full post at: Market Wrap – Upstart and Palantir Crash as Bears Control from The Couch May 9, 2022]
- You must be logged in to reply to this topic.