Good morning. US equity futures are leaning weak , SPX -20pts, we’re set to open at 5844. USD is +0.15% at DXY 103.47. The precious metals are broadly higher, Gold +0.6% (printing a new hist’ high of $2751), with Silver +1.3% (printing $34.35). WTIC is +1.8% in the mid $70s.
sp’60min
Summary
Last week ended with considerable chop, which was pretty natural for an OPEX. S/t momentum settled fractionally positive.
Overnight futures have been mixed… taking a swing lower, we’re currently set to open on a weak note, -20pts. S/t momentum will be prone to turning negative.
We’ve a truck load of earnings across Tues-Thurs’, as October will soon wrap, and lead us in the wildest election of all time.
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Early movers
AAPL -0.6%
AG +4.5%… with silver breaking a new multi-decade high.
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ARM -1.6%
ASML -1.4%
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BA +3.2%, another provisional deal with workers has been reached. Earnings due early Wed’
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BABA -2.4%
BIDU -1.8%
CI -3.6%, concerns that Cigna might merge with Humana
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COIN -1.0%
Bitcoin is -1.0% at $68317
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DJT +1.4%… “would you like fries with that?”
EXK +3.1%
FCX +0.2%, with copper +5cents to $4.43
FTNT +1.3%
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GOOS -3.3%
GOLD +0.9%
HL +3.0%
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HUM +4.1%, chatter that merger talks with Cigna might have resumed.
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INTC -1.1%
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JBLU -5.6%, lower on hopes that Spirit Airlines might survive.
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JD -1.5%
KVUE +8.3%, chatter that activist ‘Starboard value’ has bought a stake
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MRNA -1.1%, another 60cents closer to $0.00
MU -1.1%
NEM +0.9%
NOW -2.4%, earnings due Wed’ AH
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NVDA -0.5%
OXY +0.9%
PAAS +2.9%
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SAVE +38.8%, debt refinancing deadline extended.
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SEDG -2.4%
SIRI +2.6%
SLB +0.7%
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STLA -1.9%
TSLA -1.2%, earnings due Wed’ AH
UAL -1.2%
UEC -1.5%
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UPS -1.7%, Barclays, equal-weight>underweight, $120. Earnings due early Thurs’
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VIX +6.3% at 19.17, most of the gain is technical, due to the new week (options rollover)
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XOM +0.7%
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Overnight markets
Asian markets were a touch mixed, whilst European markets are leaning weak…
Japan: -0.1% to 38954
China: +0.2% to 3268
Germany: currently -0.8% at 19494
UK: currently -0.2% at 8241
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Ohh, and this guy…
… my introduction to ‘Heisenberg’… what an inspiration!
Have a good Monday