Global Markets Daily Report
Thursday, July 18, 2019
US S&P 500 futures are lower by 0.55% this morning, and Nasdaq futures are down 1.05% as bond yields rise following the 1.9 Trillion dollars stimulus plan by President Biden last night and the rollout of the covid-19 vaccination plan. The 10-year Treasury is at 1.6% this morning, as investors fear the $1,400 direct payment will fuel inflation in the US. EU markets are trading lower after a 4-day run, trading lower by 0.55% for the EURSX50 and 0.71% for the DAX. Asian markets closed their overnight session higher led by the NIKKEI 1.73% surge to all-time highs. The dollar index is higher after a 3-day pullback, trading at 91.87 versus majors, up 0.5%. Gold and Silver are sharply lower on the stronger dollar, Gold is at $1,703 per ounce, down 1.33% and Silver trades at $25.39 per ounce, down 2.34%. Oil is marginally lower after strong gains in the past 48 hours, trading at $65.74 per barrel, down 0.44%, as investors are bullish on the global economy and the rollout of the US stimulus plan.
US core PPI at 8:30 am is the important news on the agenda Friday, (all times EST).
|Global Markets 24 hours wrap-up|
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US futures are lower and the EURSX50 is down 0.6% this morning as inflation fears are driving Treasury yields higher.
The US dollar is 0.52% higher versus majors this morning on higher bond yields and its “safe heaven” status.