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FIrst Call January 5, 2021

by | Jan 5, 2021 | First Call | 0 comments

  • S&P futures down 0.2%, near worst levels, after US equities came under pressure on Monday with the S&P suffering its worst decline to start a year since 2016 and its biggest pullback in nearly ten weeks.
  • Asia ex Japan up with Europe all lower
  • Treasuries are mostly weaker with the curve steepening after 10-year breakevens pushed through 2% on Monday.
  • Dollar weaker vs both the yen and the euro.
  • Gold up 0.3% after gaining more than 2.5% on Monday.
  • WTI crude up 1.4% after falling nearly 2% yesterday on OPEC uncertainty.
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