First Call

First Call June 30, 2021

Jun 30, 2021

Thomas Thornton

  • S&P futures off worst levels and now little changed in Wednesday morning trading. Comes after US equities finished little changed in the prior session with growth extending this month's meaningful outperformance vs value. Nasdaq settled at a fresh record high.
  • Asian equities mixed overnight with China, Australia, and South Korea higher while Hong Kong and Japan lagged.
  • European equities under pressure with most bourses down over 1%. Euro Stoxx 50 and UK FTSE 100 charts on this note.
  • Treasuries are firmer with 10-year yields holding around 1.45% following the big bull flattening move early in the week. 10 and 30-year yield charts on this note
  • Dollar little changed on the major crosses. DXY US Dollar index chart on the note.
  • Gold down 0.2% after losing 1% on Tuesday
  • WTI crude up 1.3%.
  • ADP employment better for June with large revision down for the previous month
  • S&P and Nasdaq sentiment charts on this note
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