Good morning. US equity futures are leaning upward, SPX +12pts, we’re set to open at 5588. USD is -0.05% at DXY 104.76. The precious metals are moderately higher, Gold +$12, with Silver +0.7%. WTIC is -0.5% in the $81s (printing $80.81).
sp’60min
Summary
Yesterday saw considerable chop, if once again breaking a new hist’ high. S/t momentum was increasingly negative across the day, settling on the moderately low side.
Overnight futures have been leaning a little higher. We’re set to open +5/10pts. The s/t cyclical setup favours the bulls.
*Powell is due 10am. I’ll post a feed up… if I find one.
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Early movers
AAPL +0.5%
ALB +0.7%, Jefferies, 160>144, Keybanc, 159>151
BIDU +3.4%
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COIN +1.3%
Bitcoin is +0.8% at $58514. Daily momentum is due to turn positive.
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FCX +0.3%, with copper u/c at $4.57
GOLD +0.9%
INTC -0.5%
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MA -1.4%
META +0.5%
MMM -1.3%, CFO quits. Wells Fargo, 100>110, Barclays, 118>120
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MU +0.8%
NEM +0.9%
NVDA +1.2%
PAAS +1.0%
SGH +6.8%, post earnings gains
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SMCI -1.4%
SPOT -1.7%, Redburn, neutral>sell, 210>230
TSLA +0.5%, Goldman, 175>248, HSBC, 120>130
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TSM +2.2%, June rev’ y/y +32.9%, earnings due July 18
UNG +1.4%, with Natgas $2.37
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V -1.3%
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VIX -0.6% at 12.44
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Overnight markets
Asian markets were moderately mixed, whilst European markets are moderately higher…
Japan: +0.6% to 41831
China: -0.7% to 2939
Germany: currently +0.7% at 18356
UK: currently +0.6% at 8191
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Have a good Wednesday