Good morning. US equity futures are leaning upward, SPX +12pts, we’re set to open at 5472. USD is -0.2% at DXY 105.35. The precious metals are moderately higher, Gold +$9 (printing $2344), with Silver +0.4% (printing $29.57). WTIC is +0.7% in the upper $81s.
sp’60min
Summary
Last week ended on a weak note, but that was after printing a new hist’ high of 5523. S/t momentum settled on the moderately negative side.
Overnight futures have been leaning upward, helped by other world markets.
Its going to be a very subdued week, with Wednesday closed at 1pm, and Thursday closed entirely. Things can be expected to become more dynamic, once Q2 earnings appear… as of July 12th.
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Early movers
AAPL +0.4%
AG +1.7%
ALB +1.0%
AMC -1.6%
AMZN +0.9%, Canaccord, 215>230
ARKB +4.3%
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BA -0.4%, deal finalised to buy Spirit Aero (SPR) for $4.7bn. Boeing originally sold the company in 2005.
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CELH -1.1%
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CHWY +18.0%, Roaring Kitty discloses he owns 9M shares, some 6.6% of Chewy.
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COIN +1.7%
Bitcoin is effectively u/c at $62682
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CVX +0.6%
DJT +4.3%
FCX +0.7%, with copper +2cents to $4.42
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GME -6.7%, as Roaring Kitty puts the focus on Chewy.
GOLD +0.7%
MARA +2.7%
META +0.9%, Raymond James, 550>600
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MU -1.0%
NIO +4.8%, June y/y deliveries, +98.1%
NVDA -1.1%
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OXY +0.6%
PAAS +0.5%
RIVN -0.2%, RBC, 11>14
SLB +0.9%
SMCI +0.6%
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SPR +4.7%, bid by Boeing finalised… $4.7bn, roughly $37.25 a share.
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TLT -0.8%, as yields climb
TSLA +1.8%
UAL +0.3%
UNG -1.4%, with Natgas $2.56
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VIX +4.1% at 12.95
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XOM +0.6%
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Overnight markets
Asian and European markets have begun July on a positive note…
Japan: +0.1% to 39631
China: +0.9% to 2994
Germany: currently +0.4% at 18301
UK: currently +0.3% at 8185
France: currently +1.6% at 7597
https://www.bbc.co.uk/news/live/cn087x77g1dt
… round’1 of the elections has seen National Rally (they used to be called the National Front until 2018) win. Round’2 – next Sunday, will see Le Pen win to become President.
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Have a good Monday