First Call

First Call August 8, 2019

Aug 8, 2019

Thomas Thornton

  • S&P futures up 0.1% after US equities finished mixed on Wednesday, well off their worst levels for the session. Asian markets mostly higher overnight. China a standout, up nearly 1%. European markets seeing good gains. Treasuries weaker with some curve steepening after yields ended well off their lows for the session on Wednesday (Perhaps it was a bearish call midday on Bloomberg TV?) . Dollar weaker on yen cross, a bit stronger vs euro. Gold down 0.6% following a big four-day winning streak. WTI crude up 2.0% on the heels of a sharp three-day pullback. Some help from reports late in the session yesterday that Saudi Arabia is considering all options to stem the decline.