S&P Futures Rise, Treasuries Dip Amid Trump Tweets: Markets Wrap, , on October 7, 2020 at 10:31 am

By
On October 7, 2020
Tags:

(Bloomberg) — S&P 500 futures climbed with Nasdaq 100 contracts after President Donald Trump called for a reduced group of stimulus measures. Euro-area bonds erased gains before European Central Bank President Christine Lagarde speaks in Paris.Amazon.com and Apple Inc. rose in premarket trading while Facebook Inc. was flat after a House panel proposed reforming antitrust rules to curb the power of the four technology giants, including Alphabet Inc.’s Google. In Europe, Italy’s Nexi SpA slid after news of private-equity backers selling shares in the payment-services giant.Treasuries fell before a $35 billion sale of 10-year notes. They joined stock futures in reversing some of Tuesday’s sharp moves after Trump tweeted support for hard-hit airlines and small businesses. That seemed to blunt the jolt he gave markets by ending formal stimulus talks.Volatility picked up this month after Trump contracted the coronavirus and investors were whipsawed by the ups and down of talks on U.S. economic aid. The standalone measures the president proposed included $1,200 individual checks, $25 billion for airlines to support payroll and $135 billion for Paycheck Protection Program aimed at small businesses.“These tweets appear to have arrested the risk-off move,” analysts including Lyn Graham-Taylor at Rabobank in London wrote in an investor note “However, it seems a stretch to think that the Democrats would be fans of signing any standalone stimulus measures as, heading into the election, it would erode one of the differentiating factors between them and the Republicans.”The dollar steadied versus a basket of its peers before Federal Reserve officials comment later on Wednesday and release minutes from their past policy meeting.Meanwhile, with Trump now out of the hospital, investors continue to monitor the virus’s impact on economic recoveries around the world. Signs are mounting the virus is returning to the New York area, with infections reaching three-month highs.Elsewhere, Gazprom PJSC’s shares fell after it was hit with a 29 billion zloty ($7.6 billion) fine from Poland’s antitrust watchdog, which said its proposed Nord Stream 2 gas pipeline impedes competition on European Union energy markets.Here are some key events coming up:ECB’s Christine Lagarde and Francois Villeroy speak at a conference in Paris WednesdayThe minutes of the Sept. 15-16 meeting of the FOMC on Wednesday could be especially fruitful for Fed watchers, beginning with details of the debate on conditions necessary to trigger a rate increaseThe U.S. Vice Presidential debate takes place in Salt Lake City on WednesdayThese are some of the main moves in markets:StocksFutures on the S&P 500 Index rose 0.5% as of 6:27 a.m. New York time.The Stoxx Europe 600 Index fell 0.2%.Germany’s DAX Index declined 0.3%.The MSCI Asia Pacific Index increased 0.3%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro gained 0.2% to $1.1754.The Japanese yen weakened 0.4% to 106.10 per dollar.The British pound dipped 0.2% to $1.2861.BondsThe yield on 10-year Treasuries gained three basis points to 0.77%.Germany’s 10-year yield increased one basis point to -0.50%.Britain’s 10-year yield climbed one basis point to 0.292%.CommoditiesWest Texas Intermediate crude dipped 2.4% to $39.68 a barrel.Gold strengthened 0.5% to $1,888.48 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.,

S&P Futures Rise, Treasuries Dip Amid Trump Tweets: Markets Wrap(Bloomberg) — S&P 500 futures climbed with Nasdaq 100 contracts after President Donald Trump called for a reduced group of stimulus measures. Euro-area bonds erased gains before European Central Bank President Christine Lagarde speaks in Paris.Amazon.com and Apple Inc. rose in premarket trading while Facebook Inc. was flat after a House panel proposed reforming antitrust rules to curb the power of the four technology giants, including Alphabet Inc.’s Google. In Europe, Italy’s Nexi SpA slid after news of private-equity backers selling shares in the payment-services giant.Treasuries fell before a $35 billion sale of 10-year notes. They joined stock futures in reversing some of Tuesday’s sharp moves after Trump tweeted support for hard-hit airlines and small businesses. That seemed to blunt the jolt he gave markets by ending formal stimulus talks.Volatility picked up this month after Trump contracted the coronavirus and investors were whipsawed by the ups and down of talks on U.S. economic aid. The standalone measures the president proposed included $1,200 individual checks, $25 billion for airlines to support payroll and $135 billion for Paycheck Protection Program aimed at small businesses.“These tweets appear to have arrested the risk-off move,” analysts including Lyn Graham-Taylor at Rabobank in London wrote in an investor note “However, it seems a stretch to think that the Democrats would be fans of signing any standalone stimulus measures as, heading into the election, it would erode one of the differentiating factors between them and the Republicans.”The dollar steadied versus a basket of its peers before Federal Reserve officials comment later on Wednesday and release minutes from their past policy meeting.Meanwhile, with Trump now out of the hospital, investors continue to monitor the virus’s impact on economic recoveries around the world. Signs are mounting the virus is returning to the New York area, with infections reaching three-month highs.Elsewhere, Gazprom PJSC’s shares fell after it was hit with a 29 billion zloty ($7.6 billion) fine from Poland’s antitrust watchdog, which said its proposed Nord Stream 2 gas pipeline impedes competition on European Union energy markets.Here are some key events coming up:ECB’s Christine Lagarde and Francois Villeroy speak at a conference in Paris WednesdayThe minutes of the Sept. 15-16 meeting of the FOMC on Wednesday could be especially fruitful for Fed watchers, beginning with details of the debate on conditions necessary to trigger a rate increaseThe U.S. Vice Presidential debate takes place in Salt Lake City on WednesdayThese are some of the main moves in markets:StocksFutures on the S&P 500 Index rose 0.5% as of 6:27 a.m. New York time.The Stoxx Europe 600 Index fell 0.2%.Germany’s DAX Index declined 0.3%.The MSCI Asia Pacific Index increased 0.3%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro gained 0.2% to $1.1754.The Japanese yen weakened 0.4% to 106.10 per dollar.The British pound dipped 0.2% to $1.2861.BondsThe yield on 10-year Treasuries gained three basis points to 0.77%.Germany’s 10-year yield increased one basis point to -0.50%.Britain’s 10-year yield climbed one basis point to 0.292%.CommoditiesWest Texas Intermediate crude dipped 2.4% to $39.68 a barrel.Gold strengthened 0.5% to $1,888.48 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

,

Instant Quote

Enter the Stock Symbol.

Select the Exchange.

Select the Type of Security.

Please enter your First Name.

Please enter your Last Name.

Please enter your phone number.

Please enter your Email Address.

Please enter or select the Total Number of Shares you own.

Please enter or select the Desired Loan Amount you are seeking.

Please select the Loan Purpose.

Please select if you are an Officer/Director.

High West Capital Partners, LLC may only offer certain information to persons who are “Accredited Investors” and/or “Qualified Clients” as those terms are defined under applicable Federal Securities Laws. In order to be an “Accredited Investor” and/or a “Qualified Client”, you must meet the criteria identified in ONE OR MORE of the following categories/paragraphs numbered 1-20 below.

High West Capital Partners, LLC cannot provide you with any information regarding its Loan Programs or Investment Products unless you meet one or more of the following criteria. Furthermore, Foreign nationals who may be exempt from qualifying as a U.S. Accredited Investor are still required to meet the established criteria, in accordance with High West Capital Partners, LLC’s internal lending policies. High West Capital Partners, LLC will not provide information or lend to any individual and/or entity that does not meet one or more of the following criteria:

1) Individual with Net Worth in excess of $1.0 million. A natural person (not an entity) whose net worth, or joint net worth with his or her spouse, at the time of purchase exceeds $1,000,000 USD. (In calculating net worth, you may include your equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Your inclusion of equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property.)

2) Individual with $200,000 individual Annual Income. A natural person (not an entity) who had individual income of more than $200,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

3) Individual with $300,000 Joint Annual Income. A natural person (not an entity) who had joint income with his or her spouse in excess of $300,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

4) Corporations or Partnerships. A corporation, partnership, or similar entity that has in excess of $5 million of assets and was not formed for the specific purpose of acquiring an interest in the Corporation or Partnership.

5) Revocable Trust. A trust that is revocable by its grantors and each of whose grantors is an Accredited Investor as defined in one or more of the other categories/paragraphs numbered herein.

6) Irrevocable Trust. A trust (other than an ERISA plan) that (a)is not revocable by its grantors, (b) has in excess of $5 million of assets, (c) was not formed for the specific purpose of acquiring an interest, and (d) is directed by a person who has such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of an investment in the Trust.

7) IRA or Similar Benefit Plan. An IRA, Keogh or similar benefit plan that covers only a single natural person who is an Accredited Investor, as defined in one or more of the other categories/paragraphs numbered herein.

8) Participant-Directed Employee Benefit Plan Account. A participant-directed employee benefit plan investing at the direction of, and for the account of, a participant who is an Accredited Investor, as that term is defined in one or more of the other categories/paragraphs numbered herein.

9) Other ERISA Plan. An employee benefit plan within the meaning of Title I of the ERISA Act other than a participant-directed plan with total assets in excess of $5 million or for which investment decisions (including the decision to purchase an interest) are made by a bank, registered investment adviser, savings and loan association, or insurance company.

10) Government Benefit Plan. A plan established and maintained by a state, municipality, or any agency of a state or municipality, for the benefit of its employees, with total assets in excess of $5 million.

11) Non-Profit Entity. An organization described in Section 501(c)(3) of the Internal Revenue Code, as amended, with total assets in excess of $5 million (including endowment, annuity and life income funds), as shown by the organization’s most recent audited financial statements.

12) A bank, as defined in Section 3(a)(2) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

13) A savings and loan association or similar institution, as defined in Section 3(a)(5)(A) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

14) A broker-dealer registered under the Exchange Act.

15) An insurance company, as defined in Section 2(13) of the Securities Act.

16) A “business development company,” as defined in Section 2(a)(48) of the Investment Company Act.

17) A small business investment company licensed under Section 301 (c) or (d) of the Small Business Investment Act of 1958.

18) A “private business development company” as defined in Section 202(a)(22) of the Advisers Act.

19) Executive Officer or Director. A natural person who is an executive officer, director or general partner of the Partnership or the General Partner, and is an Accredited Investor as that term is defined in one or more of the categories/paragraphs numbered herein.

20) Entity Owned Entirely By Accredited Investors. A corporation, partnership, private investment company or similar entity each of whose equity owners is a natural person who is an Accredited Investor, as that term is defined in one or more of the categories/paragraphs numbered herein.

Please read the notice above and check the box below to continue.

Singapore

168 Robinson Road
#12-01 Capital Tower
Singapore 068912

New York

Coming Soon!

Dubai

Coming Soon!

Market Coverage