Patriotic. Vaccine is on to find a amid warnings of a greater resurgence to come. Haidi pretty mixed midweek outlook when it comes to trading here in asia and for the first time in a while, we have seen equity markets kind of take a step back in terms of not headlines. A great deal of activities and commodities. Lets take a check of futures. Contracts trading higher after we saw a lack of conviction in u. S. Markets as we get concerns that perhaps this fourth round of fiscal stimulus will not be forthcoming. We are hearing the republicans are in the midst of crafting their own proposal to take to the democrats and we also heard from President Trump as he resumed his virus presser, encouraging americans to wear patrioticart of a duty. Over in japan, we are seeing outside of point 3 when it comes to trading for nikkei futures in chicago. More earnings on tap along with japanese pmi readings as well. Take a look at gold and soldiers. Pretty much flat at the moment, jumping close to a nine
Shery take a look at how markets are trading at the moment. We saw u. S. Futures unchanged but the s p 500 gaining. 25 in this session. We had seen u. S. Stocks drifting throughout the session. Saw gains toward the end of the session. Not to mention that Energy Stocks were the biggest losers at the end of the session. Wti coming back under pressure again, down. 7 , and below that 60 a barrel level. We had banks also underperforming the broader markets. We saw the 10year yield pull lower toward 1. 8 . This, of course, ahead of the fed Rate Decision, and the fed Rate Decision coming out a time when we are seeing some turmoil in money markets. Take a look at this chart on the bloomberg showing you how the repo rate surged as much as 10 at one point. That took the red funds effective rate to 2. 25 the fed funds effective rate to 2. 25 . This coming at a time when we have seen wall street struggling to absorb that extra treasury debt coming on the market because of this increasing budget de
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