Traders work on the floor of the New York Stock Exchange (NYSE) in New York December 17, 2015. REUTERS/Lucas Jackson

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets.

Netflix is rallying ahead of its after-the-bell earnings today.
European markets are mostly red.
China is the weakest market in Asia today.
Bitcoin got crushed over the weekend.

Here’s Lutz:

Good Morning! US Futures are mostly higher, led by a 20bp pop in Nasdaq as NFLX rallies nearly 1% into earnings tonight. Mostly red in Europe, where the DAX is down 20bp as Industrials and Banks retreat, but Telecom outperforming on Telenor. FTSE is up 60bp tho, as the Miners love China GDP beat. Volumes couldn’t be more abysmal tho, with most exchanges trading 30% light to recent trend. In Asia, all eyes were on weakness in China – Shanghai lost 1.2%, but China smallcaps smoked for almost 6%, while Chi-Next was hit for 5.1% “amid concerns over tighter regulations”. Hang Seng closed up 20bp despite Macau names getting hit for almost 3% “following a major junket liquidity warning” said our traders in Hawaii. Aussie was off 20bp, while Japan was closed

Doves are bidding up Treasuries and Bunds on Light Euro Inflation into the ECB later …read more


Source:: Businessinsider – Finance

(Visited 2 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *