Charts + Observations
Europe mixed while US futures are ticking higher.
Asia mixed but continued to follow the week's trading pattern. Traction from Japan offset by other countries.
Main event - NKY closed above 34K for the first time since March 1990. NKY TPX >+100bps.
Greater China in the red again following multiple levels of negative newsflow since year's start with more dour analyst forecasts for year ahead this week.
SK and Taiwan hit with selling in Tech despite small uptick on the Nasdaq overnight.
Europe tepid, with little data out of Europe today, focus may be on ECB speakers.
EU yields a touch softer this AM. Growth leading the factor pad +40bps, 3rd d of gains.
Real Estate pods (German ones leading) top SXXP sector while Energy, Basic Resources & Materials lagging.
DXY -20bp. Brent -65bp. US nat gas -320bp and -160bp in Europe. Copper +72bp. Bitcoin +50bp. Gold +30bp.
US futures mixed w/ESH4 +3.50, HIWH4 -30.00, RTYH4 +1.10 and NQH4 +43.50.