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FIrst Call August 9, 2021

by | Aug 9, 2021 | First Call | 0 comments

  • S&P futures down 0.1% in Monday morning trading after US equities finished higher last week with growth and value largely in line and financials the best performing sector on a rate-driven rally in banks. 
  • Asian equities were mostly higher overnight with Greater China a standout, led by a 1%+ gain in the Shanghai Composite. Japan was closed for holiday. 
  • European markets narrowly mixed. 
  • Treasuries are unchanged to a touch firmer following a big backup in rates late last week. 10-year yields just below 1.30%. 
  • Dollar little changed vs euro and a bit weaker vs yen. 
  • Gold down 0.8%.  "It wasn't me" with a bad fat finger trade last night
    Chart on note
  • Bitcoin up 6.4%.  Chart on note
  • WTI crude down 3.8% after falling 7.7% last week. Chart on note
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