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US futures fall further in the red- check out the Nasdaq 100 now
As the dollar weakens a bit more and US yields slip, there is clear evidence of a switch out of US stocks (via the futures) in preference for bonds. Hence, all three US stock futures have now fallen further into the red and the losses right now are quite marked. The Nasdaq 100 and the tech sector is leading the way lower, followed by the S+P 500, with the Dow Jones bringing up the rear. The prospect of a further Santa rally note materialising today or tomorrow was touched on in earlier updates and now the opening is looking even more negative. As noted much earlier this morning, the Nasdaq 100 closed on Friday at 21,473. A short while ago the futures were pricing the opening close to 21,200. They are just now pricing it at 21,260
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US equity futures pare gains ahead of PPI report-check out the S+P 500
As the morning has unfolded the gains seen across the US equity futures have now dissipated somewhat. All three indexes are still pricing a higher...
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USD/JPY edges above 158 in a latent reaction to the US NFIB data
Since the last update here noted the lack of immediate reaction in the dollar to the much better than forecast NFIB index, the dollar has now lifted...
