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.
Here's Lutz:
Good Morning! US Futures continue under pressure, as peeps eyeball High yield angst, Tax and Roy Moore Headers as reasons. Spoos are off 40bp early, with Russell and Nazzy just behind. Wide sea of red over in Europe. The DAX is down 15bp, with heavy weight coming from healthcare, while Rallies in Banks and Tech seems to cushion the selling pressure. Retailers weak as a Solid report from Richemont met with Selling, and those Carmakers are under pressure. Activity in the miners, with ArcelorMittal jumping on #s and outlook, holding that sector barely green in London, but weakness in every other sector has the FTSE down 40bp. Volumes heavy in Germany, light in London this Friday. In Asia, all eyes on "Single's Day" and the whack in Japan yesterday - Nikkei closed off another 80bp. Now 1% off the high tick set mid-session yesterday with Tech among the biggest weight - Hang Seng off small while Shanghai popped 14bp as peeps digested headers easing foreign investment in Chinese Fins - KOPSI lost 30bp, but KOSDAQ jumped 1.5% as tech proves resilient - and Aussie off 30bp as Miners got smoked down under. BHP and Rio off 3%.
There is some Heavy Selling in Treasuries as supply weighs and Bunds continue to be under pressure post-ECB last week - US 10YY kissed 2.38% before stalling in the overnight. The DXY is trying to recover, but looks to be losing ground to Euro, Yen and Sterling as UK industrial output comes in hotter. Ore up 40bp, capping a 5%+ weekly gain in China, that has a bid in Industrial metals, with Copper just in the green and Zinc popping 2% early. Energy complex drifting around unch, caught between profit-taking and a weekend potentially full of fresh headers from Saudi - Iran - Lebanon..
Read about the 10 things you need to know today...
Get the latest Oil WTI price here.
- 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.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- IndiGo places order for 30 wide-body A350-900 planes
- Markets extend gains for 5th session; Sensex revisits 74k
- Top 10 tourist places to visit in Darjeeling in 2024