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First Call

First Call January 3, 2020

Jan 3, 2020

Thomas Thornton

  • S&P futures are down 1.1%, following most global indexes lower but off worst levels.
  • US airstrikes in Baghdad sparking risk-off moves across the board.
  • European markets broadly lower after a mixed Asian session.
  • Treasuries are stronger with a big bull flattening move.
  • The dollar is better vs euro and sterling but down on the risk-sensitive yen cross.
  • Gold up 1.3%. WTI crude up 3.6%, though off overnight highs.
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