by Tyler Durden
Tuesday, Jun 01, 2021 - 07:54 AM
It turns out that Monday s 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 production output today. At 715am, Emini futs were 4,226 up 24 points ot 0.58%; Dow futs were up 212 to 0.61% while Nasdaq futs rose 52 pts, up 0.38%.
by Tyler Durden
Friday, Apr 09, 2021 - 08:00 AM
US equity future struggled for direction after hitting an all time high of 4,102 as investors assessed economic growth prospects against renewed inflation concerns after Beijing reported that in March China experienced the fastest factory inflation since 2018, which weighed on Asian stocks, and dragged contracts on the duration-heavy Nasdaq 100 lower, despite Fed Chair Jerome Powell reiterating late on Thursday that inflation was not a worry. Emini futures were steady after the S&P 500 rose 0.42% to a record high on Thursday when the Nasdaq Composite added 1.03%. Treasury yields rose, as did the dollar, while oil was flat and the VIX dropped to its lowest level since Feb 2020 at 16.55.