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First Call May 15, 2020

by | May 15, 2020 | First Call | 0 comments

  • S&P futures down 1% after US equities finished higher on Thursday, reversing a selloff earlier in the session on the back of a big bounce in the banking group.
  • US equities on track for weekly losses amid concerns about the extent of the perceived disconnect between stocks and the economy continued V-shaped recovery skepticism and US-China tensions.
  • Asian equities mostly higher overnight with Australia rising sharply, followed by moderate gains in Japan, Taiwan, and South Korea.
  • European markets rallying.
  • Treasuries little changed to a bit better at the back end.
  • Dollar weaker vs both yen and euro.
  • Gold up 0.1%. Silver up 2.5%
  • WTI crude up 0.8% after jumping more than 8.5% yesterday.
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