sp'60min
Summary
*awaiting some key econ-data, notably retail sales.
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With overnight sig' strength in Asia and Europe, its not surprising to see another push higher for US futures.
Clearly, we're now on the edge of a major breakout, having been broadly stuck for a few weeks.
As of the open, the sp'500 will be a mere 3% from the May 2015 high.
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early movers...
BAC +2.1%... Mr Market expecting rate hikes?
FCX +1.8%.. as fears of bankruptcy continue to lessen
GDX -2.7%, as metals cool
RIG, SDRL, both lower by around -2.0%
TVIX -5% in the $4.30s, as VIX set for the 13s.
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Overnight action
Japan: +2.8% @ 16381
China: +1.4% @ 3066
Germany; currently +2.3% @ 9986
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Farewell to Peabody
Peabody Energy (BTU) has finally filed for bankruptcy, that leaves just Consol (CNX) as the last of the notable listed coal miners.
No doubt some will find a way to spin this as bullish for the sector and broader US/world economy.
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