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Commodity-Tied Dollar Bloc Leads


Cheaper On Wider Impetus


YM Off Lows, Trouble Staying Offered In Wake Of GDP


VIEW: BNP Paribas: Faster Tapering


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  • The S&P 500 looked to secure a fourth consecutive session of gains. The cash index broke back above the 50-dma to touch the best levels since mid-September, shifting the outlook more positive in the near-term.
  • Consumer discretionary and energy names led the way higher on Wall Street, while healthcare and utilities were the laggards. This underpins the risk-on theme, helping the e-mini S&P with the set-up toward resistance at the Sep 9 high of 4519.75 and the bull trigger and the all-time high posted in early September at 4539.50.
  • Elsewhere, equity markets across Europe were broadly negative, with the EuroStoxx50 lower by 0.6% while the CAC-40 dropped 0.8%.
  • The Q3 earnings continues Tuesday, with focus turning to reports from BNY Mellon, Johnson & Johnson, Netflix and Proctor & Gamble. Full schedule with expectations and timings here: