Good morning. US equity futures are leaning upward, SPX +22pts, we’re set to open at 6948. USD is +0.1% at DXY 98.98. The precious metals are cooling back, Gold -0.3%, with Silver -2.4%. WTIC is -1.3% in the mid $59s.
sp’60min
Summary
Yesterday saw sig’ weakness, if with a latter day recovery to settle moderately weak. S/t momentum settled the one low side.
Overnight futures have been leaning upward, we’re set to open +20/25pts… to tag teal gap. S/t momentum will be prone to turning positive this afternoon.
I’d keep in mind tomorrow will be OPEX.
Right now, a pin around 6950 looks most probable.
Further… tomorrow will be the lead into a long weekend.
The default would be minor chop on light vol.
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Early movers
AG -3.2%
AMAT +6.7%, higher with TSM
AMD +1.6%
AMZN +0.6%
ASML +5.7%, TSM
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BLK +1.5%, EPS $13.16 vs 12.25est. Rev’ y/y +23.4% to $7.0bn vs 6.7est.
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BSX -2.4%, Boston Scientific buying Penumbra (PEN) for $15bn
CAT +0.9%
CCJ +1.2%
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COIN -1.5%
Bitcoin is -0.3% at $96K
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FCX +0.2%, with copper -5cents to $6.00
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GS -0.8%, EPS $14.01 vs 11.65est. Rev’ y/y -3.0% to $13.4bn vs 13.8est.
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LEU +1.3%
LRCX +6.9%, TSM
MATX +6.1%, prelim’ earnings
MOS +1.4%
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MS +1.2%, EPS $2.68 vs 2.41est. Rev’ y/y +10.3% to $17.9bn vs 17.8est.
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MU +3.0%
NEM -0.3%
NVDA +1.0%
NVO -1.4%
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OKLO +1.9%
ONDS -0.6%
OXY -0.5%
PAAS -0.7%
PEN +14.0%, Penumbra being bought by Boston Scientific
RKLB -1.8%
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SMR +1.5%
TSLA +0.3%
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TSM +5.7%, EPS $3.14 vs 2.79est. Rev’ y/y +25.5% to $33.7bn vs 33.3est.
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UNG +2.8%, with Natgas $3.18
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VIX -3.0% at 16.24
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XOM -0.9%
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Overnight markets
Asian and European markets all rather mixed…
Japan: -0.4% to 54110
China: CLOSED
South Korea: +1.6% to 4797
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Germany: currently -0.1% at 25258
France: currently -0.5% at 8292
UK: currently +0.4% at 10227
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Have a good Thursday