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First Call: May 22, 2019
S&P futures down 0.3% following Tuesday’s materials- and tech-led bounce in US equities. Asian markets mixed overnight with China a laggard following a 1%+ rally on Monday. European markets higher. Treasuries mostly stronger. Dollar a touch weaker vs both the yen and euro. Sterling on the defensive as Brexit remains a mess. Gold up 0.2%. WTI crude down 1.1% ahead of official US inventory data.