First Call January 6, 2021

Jan 6, 2021 | First Call

  • S&P futures down 0.25%, while Nasdaq 100 futures off 1.4%, and Dow futures up 0.1%. US equities finished higher on Tuesday following a selloff to start 2021 on Monday.
  • Terrible ADP jobs report loss of 123k jobs vs expectations of +75k and previous month of +307k
  • Treasuries under pressure with the curve bear steepening.
  • 10-year yields have pushed through 1% for the first time in more than nine months.
  • The Dollar a bit firmer vs the yen but lagging euro and sterling.
  • Gold down 0.3%, off some earlier strength.
  • WTI crude up 0.5% after rallying nearly 5% on Tuesday on the back of Saudi Arabia's surprise production cut.