Here's a super-quick guide to what traders are talking about right now
Thomson Reuters
Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets.
- iPhone suppliers are weak across the globe after Apple announces its new iPhone X will be delayed.
- Bitcoin is down 7% after Jamie Dimon called it a fraud.
- World markets are mostly green.
Here's Lutz:
Morning! US Futures are off slightly, with Nasdaq leading to downside as Apple Suppliers weak globally as iPhoneX is pushed into December. The DAX is basically unchanged, with Insurers rallying for a 4th session and Banks seeing a slight bid, while Miners and Healthcare leading to downside. London is getting hit again, reeling from this week's rally for the pound. FTSE down 20bp with every sector in the red, but Miners the biggest weight. Volumes are strong again, with most exchanges 30-40% above normal turnover. Mixed bag in Asia, Nikkei continued it's rally, adding 50bp as Fins jumped 1%+ - Hang Seng was hit for 30bp as property stocks and banks lagged - Shanghai up small - KOSPI down 30bp - Aussie basically flat as Telstra offset gains in the Banks, while Taiwan lost 75bp as AAPL suppliers got hit
The US 10YY is trading unch after seeing a 2.18% reject overnight, while Fed Funds rests at 35% chance for December ahead of Inflation data tomorrow. German Bunds are pecking on 40bp as Gundlach talking a 1% tick "pretty quickly." DXY is off small as Renminbi fixed lower for a 3rd day - $/Y holding 110 in the overnight - Weaker wage growth Has Sterling holding southside $1.33 into the BoE tomorrow, and Bitcoin now off 7% since Jamie Dimon called it a "fraud." Ore lost 2.7% in China, it's 5th loss in 6 days, and we have Copper getting hit for 1.5% and Nickel 3.5%. Oil complex is higher, adding 1% as traders await Inventory data later today.
Get the latest Bitcoin price here.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh
- Deloitte projects India's FY25 GDP growth at 6.6%
- Italian PM Meloni invites PM Modi to G7 Summit Outreach Session in June
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%