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Equity futures in the US pointing to a...........>

US
US: Equity futures in the US pointing to a comfortably higher open on Wall
Street Monday, following the lead from both European and Asia-Pacific markets
which rallied throughout the day. Notable pre-market movers include General
Electric, sitting higher by 14% pre-market following the divestment of their
biopharma unit. US 10-year yields have inched higher throughout European hours,
touching 2.6824 and now eyeing the Friday high at 6.6860.
Commodities, however, are bucking the trend, with WTI and Brent crude futures
lower by 2% apiece as President Trump further expressed his frustration with
OPEC propping up prices. The outperformance of commodity-tied FX and emerging
market currencies has hurt the USD index, which eyes support at the 50-dma
currently sitting at 96.299. Wholesale inventories and trade sales data is next
up in just over 30 minutes, with a speech from Fed's Clarida also due at
1600GMT.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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