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First Call

First Call February 3, 2021

Feb 3, 2021

Thomas Thornton

  • S&P futures up 0.4% in Wednesday morning trading after US equities rallied again on Tuesday with all of the major indexes up over 1%, extending a big Monday bounce. S&P already up over 3% for the week after suffering the biggest weekly pullback last week since October.
  • Asian equities mostly higher overnight with Japan and South Korea the standouts while China ended down. European markets extending their recent gains.
  • Treasuries weaker across the curve with a bit of steepening.
  • Dollar firmer on the major crosses.
  • Gold up 0.3%.
  • Silver up 2.1% after falling more than 10% in the prior session.
  • WTI crude up 1.1%.
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