First Call July 14, 2021

by | Jul 14, 2021 | First Call | 0 comments

  • S&P futures up 0.15% and Nasdaq futures up +0.45% in Wednesday morning trading after US equities were lower on Tuesday, ending near their worst levels for the session with small caps under additional pressure and value once again lagging growth.
  • PPI also came in hot.
  • Powell speech in front of Congress headlines on the note
  • Asian equities mostly lower overnight with China a laggard, down over 1%.
  • European markets are weaker.
  • Treasuries little changed to firmer after yields saw some upward pressure in the prior session following a soft 30-year bond auction that tailed the most in almost a year.
  • Dollar underperforming on the major crosses.
  • Gold up 0.3%.
  • WTI crude off 1.2%, near worst levels after OPEC+ compromise reached.
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