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First Call May 26, 2020

by | May 26, 2020 | First Call | 0 comments

  • S&P futures up 1.8% slightly off highs, coming out of the long holiday weekend in the US. S&P back above 3K level and its 200-day moving average for the first time since early March.
  • Asian markets sharply higher overnight with Australia and Japan the standouts, while China gained just over 1.0%.
  • European markets seeing strong gains, also building on their rallies from Monday.
  • Treasuries weaker with some curve deepening.
  • Dollar under pressure against the major crosses.
  • Gold down 0.7%.
  • WTI crude up 2.4% after rallying more than 12.5% last week.
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