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First Call

First Call September 21, 2020

Sep 21, 2020

Thomas Thornton

  • S&P futures down 1.5% after the index finished at six-week lows last week and suffered its third straight weekly decline.
  • Asian markets lower overnight with Hong Kong the big decliner, down over 2%. Japan was closed for a holiday.
  • European markets under pressure, down over 2.5% with banks and travel and leisure names among the worst performers.
  • Treasuries are mostly stronger with the curve flattening.
  • Dollar stronger vs euro and sterling but weaker vs the yen.
  • Gold down 1.1%. WTI crude off 2.3%.
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