First Call May 7, 2020

by | May 7, 2020 | First Call

  • S&P futures up 1.5% in Thursday morning trading after finishing mostly lower on Wednesday, ending near worst levels for the session.
  • Asian markets mostly lower overnight with Greater China and Australia the laggards while Japan was mixed and Taiwan outperformed.
  • European markets seeing good gains.
  • Treasuries little changed after the back of the curve underperformed yesterday with the Treasury saying it will issue more longer-term debt.
  • Dollar outperforming yen and better vs the euro.
  • Gold up 0.5%.
  • WTI crude up 10.2%.
  • Focus will be on the Jobless Claims data due at 8:30 ET consensus is 3 million
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