Pre-Market Brief

Good morning. US equity futures are a touch higher, sp +2pts, we're set to open at 2049. USD is rebounding, +0.5% in the DXY 97.80s. Metals are broadly flat, whilst Oil is -0.8%.


sp'60min

Summary

Little to add.

From a pure cyclical perspective, we're due for a rally attempt today.

With the break of the 2042 low, even a net daily gain in the sp'2060/70s won't give clarity that another sharp down day is won't occur before the FOMC.
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Overnight Asia action

Japan: -1.3% @ 19046.... the 20K threshold is fading far away.
China: -0.5% at 3455, a key monthly close >3800 now looks very unlikely
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Have a good Thursday