Good morning. US equity futures are fractionally higher, SPX +4pts, we’re set to open at 4429. USD is +0.04% at DXY 101.76. The precious metals are a little higher, Gold +$5, with Silver +0.5%. WTIC is u/c in the $70s.
sp’60min
Summary
Yesterday opened a little weak, but the buyers came in, with the SPX printing a new multi-month high of 4439. S/t momentum settled moderately positive.
Overnight futures have seen a few minor swings, we’re currently set to open broadly flat.
Yours truly sees zero reason to be involved into the long weekend. Anyone with any sense will just turn off their screen, and come back next Tuesday.
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Early movers
ADBE +4.3%, earnings (Thurs’ AH), EPS $3.91 vs 3.79est. Rev’ y/y +9.8% to $4.8bn inline. Piper Sandler 500>572, Wells Fargo 525>600
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AMD +0.5%
CCL +1.8%, Citi 14>18
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DB -3.2%, as noted yesterday… its Zombie Eurotrash.
DIS -0.4%
FCX -0.4%, with copper -1cent to $3.88
GOLD +1.1%
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INTC +1.0%
MU +2.4%, set to invest $1bn in Indian manu’ plant.
NIO +3.9%
NVDA +1.5%
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SPCE +40.3%, Virgin Galactic touting its first commercial flight due this month. I can not take this company seriously.
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TGT +0.7%
TSLA +0.5%
UNG +1.0%, with Natgas $2.59
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VIX -0.5% in the 14s
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XOM +0.3%
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Overnight markets
Asian and European markets all leaning positive into the weekend…
Japan: +0.7% to 33706
China: +0.6% to 3273
Germany: currently +0.3% at 16333
UK: currently +0.4% at 7655
Here in the failed state of the UK, the concern about high mortgage rates continues…
https://www.bbc.co.uk/news/business-65928188
*The BoE are set to raise rates next Thurs’.
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Have a good Friday