Tuesday, 12 May 2020

α ℓ ℓ ι є ѕ ƒ ι η тє¢нѕ¢σρє's Post

US markets had a mixed close on Monday, Dow Jones had a weak close where as S&P closed in flat territory. Nasdaq once again outperformed with yet another day of gains.

The optimism on re-opening of economy was offset with news on Covid-19 related worries. US futures eased off further on the same.

In opening trade Asian markets showed signs of weakness on news of 2nd outbreak of Covid-19 in China and South Korea.

Crude futures once again had a volatile day within a small range, WTI currently trades near 24.5 and Brent just below 30. US $ index continues to trade just above 100. US 10 year bond yields rose a bit to trade near 0.70. Cboe Vix continued to trade just below 28.

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