[MARKET UPDATE] US equity futures open higher (ES +13 points, NQ +74 points); T-Note futures +2 ticks; WTI futures -USD 0.05/bbl; Spot XAU -USD 10/oz
Newsquawk Staff ·
US equity futures open higher (ES +13 points, NQ +74 points); T-Note futures +2 ticks; WTI futures -USD 0.05/bbl; Spot XAU -USD 10/oz.
What it means
The US equity futures are indicating a positive start, reflecting potential bullish sentiment in the markets, likely driven by external factors such as global economic data or earnings reports. The slight uptick in T-Note futures suggests a modest shift in risk sentiment, while the decline in WTI and gold prices may imply reduced inflation fears or profit-taking dynamics. This mixed bag of assets underlines the importance of monitoring geopolitical events and economic indicators that could sway market sentiment today.
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed folowing the continued tech rout stateside where the Nasdaq 100 slipped into a correction and with markets cautious ahead of the US midterm election
- [MARKET ANALYSIS] Dollar is flat ahead of the midterms, while yuan weakens after the PBoC raised its FX RRR
- [MARKET ANALYSIS] T-note futures pulled back after gaining yesterday alongside a slump in oil prices, while demand is contained with cash treasuries trading shut overnight amid the Tokyo closure
- [MARKET ANALYSIS] Oil prices are contained after dropping 8% on Monday amid hopes for diplomacy and despite a report that the US conducting a small-scale, defensive attack on Iran's Qeshm Island
- [MARKET UPDATE] Asia-Pac stocks begin mixed with underperformance in the KOSPI following the continued tech rout stateside which saw the Nasdaq 100 dip into a correction, while demand is contained amid the holiday in Japan and looming US midterm elections
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