- Asia rides Wall Street coattails for a strong quarterly finish
- No similar sentiment carries into the European session
- The S&P erases June’s losses, but also wipes out strong monthly gains.
Futures for the four US major indices—the , , and —all edged lower on Tuesday and European shares slipped as coronavirus concerns resurfaced, overwhelming investors and offsetting positive economic data.
Yields were flat and the dollar fell.
Global Financial Affairs
Today’s sluggish performance by US contracts may be surprising after yesterday’s advances during the Wall Street session. Monday’s gains were fueled by a better-than-expected print, along with rising expectations of additional government stimulus which boosted stocks, overshadowing a of confimed COVID-19 cases in California and Texas as well as additional lockdowns across the country.
Stocks in Europe this morning hovered near opening prices, as traders appeared motivated to lock in profits after a fantastic…