Home / Uncategorized / Tech earnings start: Here’s a super-quick guide to what traders are talking about right now

Tech earnings start: Here’s a super-quick guide to what traders are talking about right now

Traders work on the floor of the New York Stock Exchange May 14, 2015. REUTERS/Brendan McDermid/Files Thomson Reuters

Dave Lutz, head of ETFs at JonesTrading, has an summary of lately’s markets.

Here’s Lutz:

“Morning, and welcome to the Last day of Month!  US Futures are getting better from the 2day selloff, with the Spoos up 30bp because the FOMC “Drift” kicks in.  I see a Tentative bid in Healthcare shares after the previous day’s Bezos smashdown, whilst Tech is observing AMD’s 6% rally from put up EPS lows closing evening.   Pretty flat indices in another country in Europe, the place the DAX is up 10bp with Autos performing neatly in the back of Volvo and Industrials up small in the back of Siemens – however Tech continues to dump with Infineon off 2%.   Stockholm within the purple in spite of a rip upper in Electrolux as Ericsson and H&M will get slammed, whilst the FTSE is down 15bp with All eyes on Govt’s Contractor Capita collapsing, following Carillion.   Mixed Bag in Asian Trade as China PMI overlooked – Nikkei hit into the shut, erasing the day’s positive factors – Hang Seng up virtually 1% in spite of huge weak spot in Energy stocks as Chinese banks rebounded – KOSPI off small as Samsung surrendered a nine% early bid and Aussie closed up 25bp

“The US 10YY is off small, however maintaining upside 2.7% as we look forward to Yellen’s Last (2pm Statement, No Presser).  BOJ ramped JGB buys as 10YY touched their goal, whilst Bunds are principally unch.   There is Broad Dollar Pressure put up SOTU – China’s Yuan and the Peso each satisfied and not using a sharp feedback on industry problems, whilst Euro bid in spite of Lower EU Inflation.   Ore off 1.five% in China, however Commodities love the weaker Greenback with Copper up 1% and Gold 50bp – however the Energy advanced is below drive as Natty after all sees some profit-taking, and a larger construct in API information has WTI off 70bp into DoE information later this morning.”

About Joel Johnson

Joel S. Johnson writes for Business Finance Section in AmericaRichest.

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