As we head into the busiest two-week period of the year, futures are looking stronger following the S&P's first weekly loss in seven weeks. Tech and Small-Caps are outperforming with the yield curve bear steepening and USD flat reversing an earlier spike. This comes after a surprise outcome to Japan's election this weekend which saw the ruling LDP lose its parliamentary coalition majority for the first time since 2009.
Markets breathed a sigh of relief after Israel’s retaliatory strikes against Iran were similar to those in April, avoiding oil and nuclear facilities, causing crude to tumble 5%. As of 8:00am ET, S&P futures were up 0.5%, but well off session highs; Nasdaq futures gained 0.6% with Mag 7 and semi stocks higher premarket.
In premarket trading, airlines, whose fuel costs are linked to oil prices, were among the biggest gainers while energy stocks fell.
As we head into the busiest two-week period of the year, futures are looking stronger following the S&P's first weekly loss in seven weeks. Tech and Small-Caps are outperforming with the yield curve bear steepening and USD flat reversing an earlier spike. This comes after a surprise outcome to Japan's election this weekend which saw the ruling LDP lose its parliamentary coalition majority for the first time since 2009.
Markets breathed a sigh of relief after Israel’s retaliatory strikes against Iran were similar to those in April, avoiding oil and nuclear facilities, causing crude to tumble 5%. As of 8:00am ET, S&P futures were up 0.5%, but well off session highs; Nasdaq futures gained 0.6% with Mag 7 and semi stocks higher premarket.
In premarket trading, airlines, whose fuel costs are linked to oil prices, were among the biggest gainers while energy stocks fell.
