The Fuse
What are futures doing?
Strong move up in futures following a weaker jobs report, SPX futures up 1% or more while the Nasdaq is pushing higher, too and near all time highs. Rates are easing as well..
News
Good move in Europe with STOXX higher by .8%, gains by France and Germany. FTSE was also higher. Gold is showing gains, silver is up too while crude oil is down about 3%. Yields are dropping, the Bunds are down 12bps while 10 yr treasuries down to 5.2%. In Asia, Japan up 1%, China closed for holiday.
Volatility
The VIX is easing this am after the release of the jobs report. Still dangerously low under 16%, we’ll see how the market handles this news.
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