First Call June 5, 2020

by | Jun 5, 2020 | First Call

  • S&P futures up 0.9% in Friday premarket trading.
  • Asian markets higher overnight with Hong Kong and South Korea the standouts, up ~1.5%.
  • European markets building on a big weekly rally.
  • Treasuries weaker with the curve deepening. US 10 year near my first target of 0.89%
  • Dollar index better after some recent weakness; dollar a bit firmer vs yen and euro.
  • Gold down 1.0%.
  • WTI crude up 2.6% with OPEC+ set to sign off on an extension of output cuts at a Saturday meeting.
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