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EU Pares gains, US holds

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  • Estoxx futures continues to pare some of Yesterday's rally, helping Cash markets off their respective high.
  • Similar to other assets, mostly some likely position unwind given the lack of speed in the moves.
  • While VGM4 is some 14 points down, and just 11 points off Yesterday's low, US Emini is holding on, and still trades at the upper end of its overnight range.
  • At current levels, the SPX would again be set for another record high on the open.
  • Pre Cash open, focus will again be on Consumers, with Walmart reporting today.
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  • Estoxx futures continues to pare some of Yesterday's rally, helping Cash markets off their respective high.
  • Similar to other assets, mostly some likely position unwind given the lack of speed in the moves.
  • While VGM4 is some 14 points down, and just 11 points off Yesterday's low, US Emini is holding on, and still trades at the upper end of its overnight range.
  • At current levels, the SPX would again be set for another record high on the open.
  • Pre Cash open, focus will again be on Consumers, with Walmart reporting today.