First Call

First Call August 2, 2019

Aug 2, 2019

Thomas Thornton

  • S&P futures down 0.4% after US equities came under pressure on both Wednesday and Thursday and are on track for steep declines this week. Asian equities under pressure overnight with Japan and Hong Kong the big decliners, off more than 2%. China down nearly 1.5%. European markets also seeing big pullbacks. Treasuries extending their recent rally with some curve flattening. Dollar under more pressure on the risk-sensitive yen cross. Also lagging euro. Gold up 1.2%. WTI crude up 2.4% after a 7.9% decline yesterday (worst day since 2015).
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