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Futures Slide Ahead Of Data Dump, Yuan Rampage Continues


by Tyler Durden
Thursday, May 27, 2021 - 07:57 AM
U.S. stock index futures ticked lower ahead of an economic data dump that will reveal the latest durable goods, cap goods orders, jobless claims, GDP, PCE, and Personal Consumption data, amid fears that signs of an improving economy would lead the Federal Reserve to start tapering following comments on Wednesday that the Fed s Quarles is open to talk about adjusting the Fed s bond purchases. At 7:15 a.m. ET, Dow e-minis were up 3points, or 0.01%, and S&P 500 e-minis were down 6.50 points, or 0.16%. Nasdaq 100 e-minis were down 45.5 points, or 0.33%, as tech giants Apple, Amazon.and Tesla slipped between 0.2% and 0.7%. ....

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ASX to edge up, Nasdaq leads modest Wall Street gains


ASX to edge up, Nasdaq leads modest Wall Street gains
Share
Australian shares are set to edge higher at the open as US stocks edged higher in New York.
ASX futures were up 8 points or 0.1 per cent to 7098 near 6am AEST. The currency slipped. The yield on the US 10-year yield was 2 basis points higher to 1.58 per cent near 4pm in New York.
Bitcoin was trading at $US38,409.72 on bitstamp.net at 6am AEST. It earlier bounced off its 200-day moving average around $US40,600 highlighting how difficult it may be for it to regain its upward momentum.
On Wall Street, stocks traded in a narrow range for a second day with the Dow modestly positive and the S&P 500 up 0.2 per cent near 4pm in New York. The Nasdaq advanced 0.6 per cent. ....

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