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First Call

First Call July 22, 2021

Jul 22, 2021

Thomas Thornton

  • S&P futures and Nasdaq futures are flat off best levels. Comes after US equities finished with good gains in the prior session, extending Tuesday's bounce and erasing Monday's big selloff.
  • Asian markets were higher overnight with Hong Kong a standout, up nearly 2%, while South Korea and Australia were each up over 1%.
  • European equities are higher.
  • Treasuries are mostly firmer, coming off some earlier weakness and following notable pressure on Wednesday. 10-year yields have slipped back below the 1.30% level.
  • Dollar weaker vs yen and a bit better on euro cross.
  • Gold off 0.1%.
  • WTI crude up 0.4%, off best levels.
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