dChan
Anonymous ID: 847c46 May 31, 2020, 4:23 p.m. No.9401451   🗄️.is đź”—kun   >>1499

U.S. Stock Futures Drop as Protests Grow; Yen Up

 

It's still very early and the Futures movement can be moved in a millisecond-the big boi's push this around where they want it to go

 

U.S. stock futures fell as investors weighed the violent protests in some American cities that have stoked concerns about a reacceleration in infection rates and a damper on the economic recovery. The yen and gold edged up. S&P 500 futures opened lower. With Amazon scaling back deliveries and Apple closing some stores Sunday, investors are gauging how violence over the weekend will affect the reopening of the world’s largest economy. Crude oil fell. China’s markets will be taking in President Donald Trump’s latest barrage of China criticism, which stopped short of tough sanctions over Hong Kong. Traders on Monday will also take stock of a slew of manufacturing PMIs due, including from South Korea and Taiwan, after Chinese data over the weekend showed a continued bumpy recovery. The demonstrations in the U.S. could add another layer of complexity after a two-month rally in global equities from March lows. Australia’s central bank is expected to keep its main policy programs unchanged on Tuesday. So too is the case for Canada, which has options to add stimulus but will probably stand pat on Wednesday to allow more time to evaluate the progress of policy action.In Europe, the ECB is expected to top up its rescue program with an additional 500 billion euros of asset purchases. Anything less than an expansion at Thursday’s meeting would be a big shock, Bloomberg Economics said.The U.S. labor market report on Friday will probably show American unemployment soared to 19.6% in May, the highest since the 1930s.

a few headlines

Saudi central bank net foreign assets drop by about $20 bln in April

https://af.reuters.com/article/energyOilNews/idAFL8N2DD0L5

Factory activity in China declines

https://www.taipeitimes.com/News/biz/archives/2020/06/01/2003737384

 

Economic Schedule for Week of May 31, 2020

The key report scheduled for this week is the May employment report. Other key reports include the May ISM Manufacturing and non-manufacturing surveys, May Vehicle Sales and the Trade Deficit for April.

https://www.calculatedriskblog.com/2020/05/schedule-for-week-of-may-31-2020.html

https://www.bloomberg.com/news/articles/2020-05-31/yen-edges-up-amid-u-s-protests-china-tension-markets-wrap

https://www.kitco.com/charts/livegold.html

https://www.kitco.com/charts/livesilver.html

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

https://www.bloomberg.com/markets/stocks/futures

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart