First Call

First Call: June 20, 2019

Jun 20, 2019

Thomas Thornton

S&P futures up 0.9%, near best levels, with the narrative remains dominated by events that occurred earlier in the week, including Draghi’s speech (Tuesday morning), Trump’s Xi phone call/G20 tweet (Tuesday morning), and the FOMC (Wednesday afternoon).  Asian equities higher overnight with China a standout, up nearly 2.5%. European equities seeing good gains. Treasuries stronger with another big curve steepening move. Dollar under pressure vs euro and also weaker vs yen and sterling. Gold up more than 2.5%. WTI crude up more than 3.5% on latest ramp in Middle East tensions.   

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