Morning Impact: Futures 4/17/24
Equity Indices, Treasuries, FX, Metals, Energy, Ags, Softs and Crypto
🌍 World Equity Indices Cash and US Index Futures
Asia passed a mixed session. Both the Shanghai Comp (+2.14%) and Hang Seng (+0.02%) stabilized, while the Kospi (-0.98%) and Nikkei (-1.32%) extended their corrections. In Europe, both the FTSE (+0.57%) and DAX (0.38%) stabilized. The sunrise North American calls were higher, however overnight gains have been eroding heading into the open. We’ll see if they hold above unchanged into the bell.
Mini Dow (Jun-2024) 38,104 +56 (+0.15%) — Overnight, the Mini DJIA has bounced out of support against the January lows, yet remains in correction. It's a "show me" market, demanding proof that it can ward off this short-term pressure for the uptrend to reestablish. Watch carefully the lows of the past three sessions (including overnight).
E-mini S&P 500 (Jun-2024) 5,107.50 +14.50 (+0.31%) — The mini S&P is finding support against the old highs from mid-February. With recent lows forming a
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