First Call July 21, 2020

by | Jul 21, 2020 | First Call | 0 comments

  • S&P futures up 0.7% in Tuesday morning trading after US equities finished mostly higher on Monday on the back of a big rally in growth and momentum plays following their underperformance last week.
  • Stimulus and vaccine optimism the widely cited drivers behind the latest push higher.
  • Asian markets higher overnight with Australia and Hong Kong the standouts, each up over 2%.
  • European markets seeing a broad rally.
  • Treasuries are unchanged to a bit weaker at the short end.
  • Dollar a touch firmer vs both yen and euro but lagging sterling again.
  • Gold up 0.6%.
  • WTI crude up 2.9%.
To access this post, you must purchase Private Investors, Small Institutions, Large Institutions or Large Institutions – Quarterly, or log in if you are a member.