Futures Fall, Yields Rise Ahead Of Econ Data Onslaught
Futures Fall, Yields Rise Ahead Of Econ Data Onslaught Extremely illiquid US equity futures (top of book depth is between $1-2MM) dropped after trading flat for much of the overnight session, ahead of a packed data slate today including retail sales, industrial production and capacity utilisation for August, the Empire State manufacturing survey and the Philadelphia Fed business outlook for September, and the weekly initial jobless claims, as Treasury and Bund yield rose after Russian energy supplier Gazprom warned that nearly full EU gas inventories can’t guarantee a safe winter with money markets raise tightening wagers, pricing as much as 193bps of ECB hikes by July versus 186bps on Wednesday (and as much as 210bps of Fed hikes by March). As of 7:15am ET, SP 500 futures slipped 0.1% after a tumultuous few days of trading following the consumer price index reading; Nasdaq 100 futures fell 0.4%. Both underlying indexes had slumped on Tuesday after the report, nearly erasing a four-day rally, before slightly rebounding on Wednesday.
Futures Fall, Yields Rise Ahead Of Econ Data Onslaught
Futures Fall, Yields Rise Ahead Of Econ Data Onslaught Extremely illiquid US equity futures (top of book depth is between $1-2MM) dropped after trading flat for much of the overnight session, ahead of a packed data slate today including retail sales, industrial production and capacity utilisation for August, the Empire State manufacturing survey and the Philadelphia Fed business outlook for September, and the weekly initial jobless claims, as Treasury and Bund yield rose after Russian energy supplier Gazprom warned that nearly full EU gas inventories can’t guarantee a safe winter with money markets raise tightening wagers, pricing as much as 193bps of ECB hikes by July versus 186bps on Wednesday (and as much as 210bps of Fed hikes by March). As of 7:15am ET, SP 500 futures slipped 0.1% after a tumultuous few days of trading following the consumer price index reading; Nasdaq 100 futures fell 0.4%. Both underlying indexes had slumped on Tuesday after the report, nearly erasing a four-day rally, before slightly rebounding on Wednesday.