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World Stocks Hit Record As US Futures Jump, Oil Spikes Above $70

by Tyler Durden Tuesday, Jun 01, 2021 - 07:54 AM It turns out that Mondays dip in futures was a low-volume headfake, and on Tuesday global markets hit a new record high as U.S. equity futures jumped, with spoos also approaching all time highs after markets shrugged off concerns about rising inflation and looked ahead to U.S. employment data later in the week. Brent rose above $70 to the highest since October 2018 as OPEC+ forecast a tightening global market before members meet to discuss produc...
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Futures Slide Ahead Of Data Dump, Yuan Rampage Continues

by Tyler Durden Thursday, May 27, 2021 - 07:57 AM U.S. stock index futures ticked lower ahead of an economic data dump that will reveal the latest durable goods, cap goods orders, jobless claims, GDP, PCE, and Personal Consumption data, amid fears that signs of an improving economy would lead the Federal Reserve to start tapering following comments on Wednesday that the Feds Quarles is open to talk about adjusting the Feds bond purchases. At 7:15 a.m. ET, Dow e-minis were up 3points, or 0.01%, ...
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European Open: Trading Volumes to Return in Europe, NZD Firm Ahead of RBNZ

NZD remains firm ahead of RBNZ meeting The New Zealand dollar is the strongest currency this week so far (and second strongest overnight) ahead of tomorrow’s RBNZ meeting, where the central bank is expected to hold rates steady yet upgrade economic forecasts. With inflation expectations ripping higher it may force RBNZ to be less dovish, although if history tells us anything they are unlikely to be hawkish whilst most other central banks remain defiantly dovish. NZD/USD rose to a two-day hig...
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Futures Rebound From Overnight Slide As Cryptos Jump

by Tyler Durden Thursday, May 20, 2021 - 08:00 AM While a far cry from yesterdays morning rout, global stocks struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies crashed and a hint of tapering talk from the U.S. Federal Reserve drove selling in the bond market and lifted the safe-haven dollar. S&P futures dropped overnight for the 4th straight session after minutes from Fed’s meeting last month showed some officials were open to a debate at “upco...
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Futures Rise Ahead Of Blockbuster Payrolls As Commodities Soar

by Tyler Durden Friday, May 07, 2021 - 07:59 AM S&P futures rose overnight alongside European and Asian market in another quiet session, as commodities smashed higher ahead of a blockbuster jobs report (whispers of a 2MM+ print) which will cap a series of strong economic reports this week. Global stocks headed for their first weekly gain in three with MSCIs world index rising about 0.1% and on course for a 0.4% gain this week amid a surge in commodity prices. Copper joined iron ore and steel by...
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