First Call February 18, 2020

by | Feb 18, 2020 | First Call

  • S&P futures down 0.4% in Tuesday morning trading coming out of the long holiday weekend in the US.
  • Apple cut guidance
  • Covering AAPL and AMAT on weakness this morning
  • Asian markets mostly weaker overnight with sharp declines in Japan, Hong Kong, and South Korea, though China with a small gain.
  • Most European markets lower, though Italy bucking the trend.
  • Treasuries stronger across the curve with a bit of flattening.
  • Dollar weaker vs the yen, better on euro cross.
  • Gold up 0.3%.
  • WTI crude down 2.0% after posting its best weekly gain since December on Friday.
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