US stock market open 26 January 2016
- S&P +8pts to 1885
- Dow +93pts to 15978
- Nasdaq +20pts to 4538
US 10 year yields 2.01% +1bp
MNI have a line out saying that they're hearing of speculative demand for US equities at the open. Take that as you will
US 10 year yields 2.01% +1bp
MNI have a line out saying that they're hearing of speculative demand for US equities at the open. Take that as you will
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Gold & silver rebound 10%+ after historic drop, luring dip buyers. Watch for continued volatility!
Investor views on a potential Warsh-led Fed remain mixed, with rate futures still pricing two cuts this year. While some see scope for a dovish productivity-led narrative, others remain cautious, leaving pricing steady but conviction limited.
Cotton futures dip 36 pts as ICE stocks rise. Coffee prices tumble on Brazil rains, while oil jumps $1.76 on geopolitical tensions.
Live cattle futures jump $2.10-$2.40 on strong cash trade; feeder cattle up $1.57-$2.05. Boxed beef mixed.
Lean hog futures rally $1.55 on strong USDA hog price; pork cutout up $1.67. Watch slaughter numbers!
Corn futures climb 2-3 cents on record ethanol use & South Korean import. Traders eye EIA data for output shifts.
Wheat futures mixed; SRW steady, HRW fractionally mixed, spring wheat down. Coffee rebounds on short covering.
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