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First Call July 16, 2020
- S&P futures down 0.65%, just off worst levels.
- Bank of America down 3% after earnings
- Asian markets lower overnight with China coming under outsized pressure as the Shanghai Composite fell 4.5% and the Shenzen lost more than 5%. Hong Kong down 2.5%.
- European equities are weaker.
- Treasuries unchanged to slightly firmer with some curve flattening.
- Dollar slightly stronger vs yen and euro.
- Gold down 0.3%.
- WTI crude down 1.2%.