First Call April 20, 2020

by | Apr 20, 2020 | First Call

  • S&P futures down 2% after posting back-to-back weekly gains for the first time since February.
  • Asian markets mostly lower overnight with Australia the big decliner, followed by Japan, while China managed to buck the trend.
  • European markets are weaker. Treasuries mostly firmer with some curve flattening.
  • Dollar stronger on the major crosses.
  • Gold up 0.1%.
  • WTI crude June contract down 10.5%, but more attention on the 38% drop for the May contract as it converges with historically weak physical prices.
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