First Call

First Call April 20, 2020

Apr 20, 2020

Thomas Thornton

  • 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.
To access this post, you must purchase Small Institutions, Retail or Private Investors.
If you already have an account please