Morning brief

European open higher 🟢 (Up)

• 🇩🇪

  DAX

  ^GDAXI

  25,476

  🟢 0.37%

  Up
• 🇫🇷

  CAC 40

  ^FCHI

  7,945

  🟢 0.13%

  Up
• 🇪🇺

  Euro Stoxx 50

  ^STOXX50E

  6,199

  🟢 0.49%

  Up

US futures mixed ⚪️ (Unchanged)

• 🇺🇸

  Nasdaq 100

  NQ=F

  30,160

  🟢 0.05%

  Up
• 🇺🇸

  S&P 500

  ES=F

  7,799

  🟢 0.10%

  Up

• 📌

  European stocks open higher: the DAX is up 0.37% near 25,476, the Euro Stoxx 50 gains 0.49% and the CAC 40 adds 0.13%. US index futures are roughly flat.

• 📌

  Asia was mixed overnight. The Nikkei 225 jumped 1.39% to about 65,324, while the Hang Seng slipped 0.62% to about 24,163.

• 📌

  The US 10-year Treasury yield fell 1.95% to 5.09%, and Brent crude eased 0.63% to $105.25 a barrel.

• 📍

  Regional banks report before the US open: $MTB (EPS estimate about 5.01), $CFG (about 1.40) and $RF (about 0.68). Watch loan growth and credit quality after the recent move in yields.

  • $MTB
  • $CFG
  • $RF
• 📌

  Today to watch: the direction of yields and oil, the Mideast supply story, and the bank results as a read on the US economy.