- China exports beat expectations
- As a result, U.S. futures and European shares rise, but not Asian indices
- NFP expected to report a 22 million loss of jobs on Friday
US futures for the , , and climbed on Thursday, along with European shares. They all bucked the slump in Asia as investors weigh multiple risk drivers, including the safety of reopening economies and rising US-Sino tensions, combined with the possibility of some horrifying, fresh economic data.
Yields rebounded. The dollar fell.
Global Financial Affairs
We’ve noticed a pattern of US futures rising after declines of their underlying benchmarks during the previous day’s trade. Is this a market disagreement or perhaps an intervention by the plunge protection team?
This morning, contracts on the S&P 500 erased all of Wednesday’s losses. Contracts on the four major US indices were up at least 1%, with futures for the Russell 2000 outperforming yet again (1.3%). The e-mini Dow brought up the rear, albeit it a…