First Call November 5, 2019

Nov 5, 2019 | First Call

  • S&P futures up 0.2% after US equities extended their recent rally on Monday with the Dow joining the S&P in closing at a record high.
  • US-China trade deal optimism remains the key driver of the risk-on sentiment.
  • It's looking more and more the Phase 1 will get done with Trump surrendering all tariffs
  • All major global equity markets are now in the extreme zone with bullish sentiment
  • Treasuries weaker across the curve after coming under some pressure in the prior session.
  • Dollar firmer vs yen and euro, building on Monday's bounce. Gold down 0.5%. WTI crude up 0.7%.