Cabera Capitla Markets

Dec 12/26 2019

Global     

U.S. equity-index futures flat to higher with Asian stocks ticking higher Thursday in holiday-thinned trading as investors looked ahead to January and a promised trade breakthrough between the world’s biggest economies. Treasuries dipped.

 

Asia 
With European markets still shuttered, contracts on the three main American stock indexes pointed to a firm open on Wall Street when trading resumes after Wednesday’s Christmas break. Shares ended the session higher in Tokyo, Shanghai and Seoul, while markets were closed in Hong Kong and Sydney.

 Europe:  Mkts closed across Europe as Holiday Schedule prevails.

Symb

Index

Time

Last

Chg

Chg %

.FTSE

FTSE 100 Index

24 Dec 2019

7,632.24

+8.65

+0.11%

 

.GDAXI

DAX Index

23 Dec 2019

13,300.98

-17.92

-0.13%

 

.FCHI

CAC 40 Index

24 Dec 2019

6,029.55

+0.18

+0.00%

 

.TRXFLDEUPU

Thomson Reuters Equity Europe Index

7:34am EST

163.36

-0.01

-0.01%

 

 

 Currencies 

The yen slipped along with Treasuries in subdued post-Christmas trading as improving U.S.-China trade relations damped haven bids. The pound climbed.

 

Gold/Silver

Gold firmed up a foothold above $1,500 an ounce as investors positioned for 2020, with post-Christmas gains coming even as equities inched higher and U.S.-China trade concerns eased. Silver rose along with platinum in what’s been a banner year for precious metals.

Bullion advanced for a fourth day, the best run since October, and headed for the highest close in more than seven weeks. The climb comes amid a focus on whether the Federal Reserve’s rate-cutting pause will hold next year following three reductions in 2019.

 

OIL/Nat Gas  

Oil rose for a third session as an industry report showed American inventories shrunk and as optimism over a partial U.S.-China trade deal grew.

Futures rose as much as 0.7% in New York, extending gains as trading resumed after the Christmas break. Prices are up more than 11% in December, on pace for the largest monthly gain in almost a year. U.S. stockpiles dropped 7.9 million barrels last week, Reuters reported, citing American Petroleum Institute data. China data on Wednesday showed imports of U.S. soybeans surged to the highest in about two years, while President Donald Trump said a trade pact between the two nations is “done.”

Treasuries

Treasuries reopened slightly weaker Thursday after Wednesday’s Christmas holiday amid gains for equity index futures, with most European markets closed. Yields were led higher by the front end, flattening the curve ahead of Thursday’s $32b 7-year auction at 1pm ET. Futures volumes remained extremely low as of 7am ET, below 45k for 10-year contract, about a quarter of the 10-day average.

 

Economic Numbers/ Fed Speakers 

 

 

THURSDAY, DEC. 26

8:30 am

Weekly jobless claims

12/21

 

220,000

234,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic 

Stock Index Futures flat to a little bit higher ahead of todays open. Look for yearend chatter as rebal talk moves to center. We will report as we see expectations from Investment banks. 

Equity movers in early trading, as of 7:35am in New York:

Advancers

  • ASRT +27.3% (+$0.30)

  • NLNK +25.3% (+$0.59)

  • LCTX +11.5% (+$0.08)

  • SLNO +3.6% (+$0.1)

  • TTI +3.4% (+$0.07)

  • VBIV +3.3% (+$0.04)

  • FCEL +2.2% (+$0.02)

Decliners

  • SPPI -34.9% (-$3.05); Spectrum: Poziotinib Trial Primary Endpoint Not Met in Cohort 1

  • SBPH -30.7% (-$1.11); Spring Bank Falls as Inarigivir Dosing Halted on Liver Risks

  • QGEN -27.7% (-$11.5); Qiagen Drops as Opting Against a Deal Puts a ‘Ceiling’ on Shares

  • MBOT -22.7% (-$3.69); Microbot Medical to Offer 913k Shrs

  • SAVA -4.6% (-$0.21)

  • NIO -2.8% (-$0.07)