The Fuse
Equity futures are getting whacked as the surge of buying that took place over the last 90 mins of trade yesterday has been wiped out. Crude oil prices are surging, above $86 per barrel as severe shortages are being predicted in the short term. Rising volatility amid uncertainty in the Middle East are to blame, and no question this will not be an easy market to trade for the foreseeable future.
European stocks were slightly higher earlier this morning, the STOXX index up by .2% led by stronger gains in France and Germany. The FTSE also added .2%, gold and silver are modestly higher but crude oil winning right now, up 5% and ahead of $85 per barrel. US dollar was flat. Yields are still on the rise, German bunds up 2 bps, 10 yr US treasury up 1bp. In Asia Japan gained ground, up .6%, Hong Kong up 1.7% and Shanghai climbe .4%.
If you are an existing Market Blast or Trader’s Pass member, log in here:
