Get a futures quote

 
Commentary for 6/28/2017

Altavest Commentary for 06/28/2017

Following the sell-off in the U.S., Asian markets were mostly lower. The Nikkei 225 fell -0.47% while the Shanghai Composite dropped -0.54%.
The ECB issued a statement that the markets had misjudged ECB President Draghi’s comments yesterday and that the bank is NOT ready to withdraw emergency stimulus. European equities reversed early losses but still closed lower with the DAX down -0.19%. Yields on the 10-yr. Bund held on to yesterday’s gains, closing at 0.352%.
May International Trade in Goods was in line with consensus at -$65.9B. May Pending Home Sales disappointed, falling -0.8%. Last night, the API reported a surprise crude inventory build of +851K barrels. This morning, the EIA a more modest increase of 100K barrels.
Yields on the 10-Year Note crept higher to 2.219%. The US$ Index continued to slide. August gold was up +0.2% to $1,249.10. Despite rising inventories, August crude added +1.1% to $44.74.
Yesterday’s selling was replaced with today’s buying, negating much of the negative tone to the technical picture. Equities began the day strong and never looked back. Technology issues reversed early losses to join the celebrations, with all indexes finishing solidly higher.

View previous commentaries.

<June 2017>
SunMonTueWedThuFriSat
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678